Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 15.48%. This compares favourably with the 10.58% for NSW as a whole.
Comparing Wallsend,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wallsend, 2287. Typically our figures indicate that -4.40% is being offered, which puts this NSW suburb at 2666th most discounted overall in Australia.
Often selling an investment property can take time, and in Wallsend the average time real estate has been on the market is 34.8 days.
Property investors should expect to get $395 weekly from the median priced house in this suburb.
With a capital gain of 9.46% for the last 12 months, Wallsend, 2287 has performed for property investments than its average annual 3.94% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Wallsend,2287 has racked up an average of 9.46% over the period. This ranks it number 833th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Wallsend are currently offering property investors an average price cut of -3.47% below the asking price at the moment.
In the last year 58 properties changed hands in Wallsend, which puts it as the 243th most active market in NSW when comparing the number of sales per suburb.