Property value increases in Wallsend have tracked just higher than the NSW average of -3.70% over the last 12 months.
A 33.78% growth in median value for property investors in Wallsend,2287 puts this suburb at number 569th in terms of best performing suburbs in NSW
Vendor discounting in Wallsend is giving property investors an average Vendor Discount of around -6.75%. This puts suburb at number 532th in NSW when ranking the most discounted suburbs.
A $405 per week rent on the median house gives suburb investors a gross yield of circa 4.25%, without taking into account capital value appreciation, which has been averaging out at 5.55%.
If you compare the increase in value of investment property in Wallsend, 2287 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.94%.
Wallsend,2287 has offered an average of 4.94% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Wallsend is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 292th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $19760 per annum or $380 every week.