Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
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 8.42% growth over a ten-year period. It ranks 952nd 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 28.85% for the past year, which is higher than average compared to its 55.09% growth within a five-year period.
With the median home price in WYONG sitting at $670,000, and the average rent at $397.5, property owners could potentially earn a 3.09% 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 | $670,000 | $376,500 |
| GROWTH REPORT | ||
| Median Quarterly | 8.94% | 4.58% |
| Median 12 month | 28.85% | 18.03% |
| Median 3 years | 19.11% | 7.57% |
| Median 5 years | 55.09% | 25.5% |
| 10 years average annual | 8.42% | 5% |
| Weekly media advert. rent | $397.5 | $355 |
| Time on Market | 78.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.09% | 4.9% |
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