Property investors enjoyed capital gains of 10.06% over the last 12 months in WEST WALLSEND, 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 6.88% growth over a ten-year period. It ranks 999th on our list of suburbs that property investors should look into.
WEST WALLSEND, 2286 has a capital gain of 10.06% for the past year, which is lower than average compared to its 53.55% growth within a five-year period.
With the median home price in WEST WALLSEND sitting at $476,000, and the average rent at $405, property owners could potentially earn a 4.42% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WEST WALLSEND are low, as opposed to average gains per annum over the past five years.
WEST WALLSEND, 2286 in NSW belongs to the local government area of Lake Macquarie.