Wallsend is in the bottom 20% in NSW when comparing median price capital growth over the last year. Wallsend gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.21%.
Comparing Wallsend,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.36% offered to property buyers. Sellers in Wallsend itself are offering an average vendor discount of -4.64% to real estate investors.
Residents and property investors in Wallsend have been waiting around 44.2201 days to sell a property.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
At number 913th in the list of Australian suburbs ordered by increase in median house value over the last year, Wallsend, 2287 is in the BOTTOM 40% with a property value increase of 0.96% recorded in median house prices.
While Wallsend,2287 ranked number 217th in NSW for increase in median house value (annualised) increase, it is ranked 239th over the last 5 years.
Wallsend, 2287 is offering NSW ‘s 209th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
Using the current median advertised rental of $387.5 and the average annual increase in value of a median property of 4.55%, investors should hope to achieve an overall return of 4.81%