Wallsend has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.66% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wallsend has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Wallsend is offering property investors an average of -7.17. This rate of discount on properties puts Suburb at number 1089th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $21060 per annum or $405 every week.
Over the last year, property investments in Wallsend, 2287 have given investors a capital gain of 0.00%. This compares averagely with the 1.12% for NSW as a whole.
If we look at median property appreciation over just the last three months, Wallsend has given property investors a paper return of 3.70%. This puts Suburb as 89 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Wallsend is $420000, with sellers offering an average of -6.86% off the asking price.
On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.
With the median price for a house in Wallsend being $420000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.70%