Property value increases in Wallsend have tracked just higher than the NSW average of -4.21% over the last 12 months.
Comparing Wallsend,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Wallsend, 2287 is offering NSW ‘s 481th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Advertised rents are around the $410 mark per week – giving a return of 4.32% based on the median price in Suburb
Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 1.46%. This compares favourably with the -4.02% for NSW as a whole.
While Wallsend,2287 ranked number 368th in NSW for increase in median house value (annualised) increase, it is ranked 219th over the last 5 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 200th in terms of most discounted suburbs in NSW
Wallsend, 2287’s gross rental yield is 4.73%