Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Property investors enjoyed capital gains of 6.8% 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 6.49% growth over a ten-year period. It ranks 735th on our list of suburbs that property investors should look into.
WEST WALLSEND, 2286 has a capital gain of 6.8% for the past year, which is lower than average compared to its 40.27% growth within a five-year period.
With the median home price in WEST WALLSEND sitting at $526,000, and the average rent at $470, property owners could potentially earn a 4.65% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WEST WALLSEND are high, 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 (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $526,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.45% | N/A |
| Median 12 month | 6.8% | N/A |
| Median 3 years | 14.97% | N/A |
| Median 5 years | 40.27% | N/A |
| 10 years average annual | 6.49% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 48.0 days | N/A |
| Gross Rental Yield Percent | 4.65% | N/A |
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