Giving property investors a a stable capital gain of 3.79% for the last year, Wingham, 2429 is the 1096th highest performer in Australia in this respect.
The five-year average increase in median property values for Wingham,2429 has given property investors a potential capital gain of 37.00% across each of those five years.
Property investors looking for a bargain in Wingham should be aiming for at least -6.41% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $17160 per annum or $330 every week.
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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.