Wingham has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.28% to date .
Wingham,2429 has offered an average of 12.28% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Wingham is giving property investors an average Vendor Discount of around -3.61%. This puts suburb at number 1036th in NSW when ranking the most discounted suburbs.
Residents and property investors in Wingham have been waiting around 81.56 days to sell a property.
The NSW suburb of Wingham, 2429 is in the Greater Taree local government area.
With a capital gain of -0.27% for the last 12 months, Wingham, 2429 has performed for property investments than its average annual -0.27% property growth over the last 5 years.
Wingham,2429 was ranked 835 in Australia by increase in median property value over the quarter.
Situated 197.61km from the CBD, Wingham is one of Greater Taree localities in the postcode 2429.
In the suburb of Wingham, house prices fell by 0.5% in the November 2017 quarterFull summary
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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.Close