NSW has seen average median house prices change by 0.15% which means that Wingham, 2429 has done well for property investors by showing a capital gain of 2.22% over the last year
Taking the average capital gain, or increase in median house value, Wingham,2429 has racked up an average of 2.22% over the period. This ranks it number 752th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.83% to buyers in Wingham at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 9.50 sales per month, which equates to 114 per year.
Wingham, 2429’s gross rental yield is 5.12%
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House prices stumble
Median house price: $287,750
Three-year growth: 13.3%
Rental yield: 6.0%
In the suburb of Wingham, house prices fell by 0.5% in the November 2017 quarter.
This follows the 10.3% growth reported in the past 12 months leading up to November 2017, putting the median value at under $300,000. Despite the slight drop, however, Wingham has seen consistent strong growth over the past five years, and coupled with the high average rental yield of 6%, this suburb remains a good potential investment spot.
The remnant of a tropical rainforest is preserved in Wingham Brush, whose of flying foxes has since become a tourist attraction. Wingham is also the gateway to the Ellenborough Falls.
Several schools have been established in this suburb, including Wingham Public School and Wingham High School, whose agricultural show team has won awards across Australia.