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1 MIN READ‘Nonsensical’: Economist Shuts Down 10% Price Drop Talk
A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly...
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WyeeWyee - SUBURB PROFILE REPORT
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Property investors have seen a 15.56% gain in WYEE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WYEE, 2259 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 28.93%.
Based on its average 5-year and quarterly capital gains WYEE, 2259 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $390,000
Profits averaged -10.12% per annum over a 3-year period, due to an downward trend in home prices in WYEE, 2259.
This means, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
The gross rental yield in WYEE, 2259 is 6.93%.
An average of 4.58 real estate transactions take place per month in WYEE which translates to 55 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $390,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 15.56% | N/A |
| Median 12 month | 28.93% | N/A |
| Median 3 years | -30.36% | N/A |
| Median 5 years | -15.22% | N/A |
| 10 years average annual | 3.47% | N/A |
| Weekly media advert. rent | $520 | N/A |
| Time on Market | 78.3 days | N/A |
| Gross Rental Yield Percent | 6.93% | N/A |
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