Giving property investors a a stable capital gain of 11.35% for the last year, Wallsend, 2287 is the 983th highest performer in Australia in this respect.
A 46.94% growth in median value for property investors in Wallsend,2287 puts this suburb at number 383th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -5.78% to buyers in Wallsend at the moment, which is less than average for the rest of NSW.
At number 127 in a list of fastest selling suburbs, Wallsend is in the TOP 10% of suburbs in Australia with an average of days on market 32.95 for properties listed there.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.78%, investors should hope to achieve an overall return of 4.15%
Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of -4.76%. This compares very badly with the 3.78% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Wallsend comes in at number 395th in NSW.
Our latest figures would indicate that property sellers in Wallsend are currently offering property investors an average price cut of -4.00% below the asking price at the moment.
The NSW suburb of Wallsend, 2287 is in the Newcastle local government area.