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Wallsend
AREA REPORTS

Wallsend

Wallsend - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2287

house
unit

Property investments in WALLSEND fare well against the rest of the country last year, registering a median home price increase of 9.18%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WALLSEND, 2287 saw average growth in the long term.

Real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 46.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $535,000.

WALLSEND ranks 283rd on the list of best yielding suburbs for rental properties in NSW, posting a 4.18% return.

Data report can be found below

Wallsend
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $535,000 $475,000
GROWTH REPORT
Median Quarterly 4.9% 8.57%
Median 12 month 9.18% 14.46%
Median 3 years 9.18% 14.46%
Median 5 years 32.1% 35.71%
10 years average annual 5.37% 5.6%
Weekly media advert. rent $430 $410
Time on Market 46.6 days 67.7 days
Gross Rental Yield Percent 4.18% 4.49%
demographics (median values)*
Total Population
36400
Weekly Household Income
1383
Household Size
2.60
Age
36
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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