Property News You Need To Know: The Week Ending 19 September
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Property investors enjoyed capital gains of 22.71% over the last 12 months in WYONGAH, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.54% growth over a ten-year period. It ranks 701st on our list of suburbs that property investors should look into.
WYONGAH, 2259 has a capital gain of 22.71% for the past year, which is higher than average compared to its 49.41% growth within a five-year period.
With the median home price in WYONGAH sitting at $635,000, and the average rent at $390, property owners could potentially earn a 3.19% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WYONGAH are high, as opposed to average gains per annum over the past five years.
WYONGAH, 2259 in NSW belongs to the local government area of Central Coast (C) (NSW).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.71%||N/A|
|Median 3 years||25.74%||N/A|
|Median 5 years||49.41%||N/A|
|10 years average annual||7.54%||N/A|
|Weekly media advert. rent||$390||N/A|
|Time on Market||32.0 days||N/A|
|Gross Rental Yield Percent||3.19%||N/A|