What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Based on its average 5-year and quarterly capital gains WYONG, 2259 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that WYONG, 2259 obtained a 7.09% growth over a ten-year period. It ranks 24th on our list of suburbs that property investors should look into.
WYONG, 2259 in NSW belongs to the local government area of Central Coast (C) (NSW).
WYONG, 2259 has a capital gain of -3.57% for the past year, which is lower than average compared to its 62.65% growth within a five-year period.
With the median home price in WYONG sitting at $540,000, and the average rent at $410, property owners could potentially earn a 3.95% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WYONG are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $540,000 | $385,750 |
| GROWTH REPORT | ||
| Median Quarterly | 2.86% | 0.98% |
| Median 12 month | -3.57% | 10.21% |
| Median 3 years | 20% | 28.58% |
| Median 5 years | 62.65% | 52.47% |
| 10 years average annual | 7.09% | 7% |
| Weekly media advert. rent | $410 | $340 |
| Time on Market | 67.6 days | 105.9 days |
| Gross Rental Yield Percent | 3.95% | 4.58% |
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