Property investments in WALLSEND fare well against the rest of the country last year, registering a median home price increase of 15.48%.
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 $395 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 34.8 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 $485,000.
WALLSEND ranks 318th on the list of best yielding suburbs for rental properties in NSW, posting a 4.24% return.
Profits due to an upward trend in home prices in WALLSEND, 2287 averaged 5.24% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.88% increase in returns based on the current median price in WALLSEND.
An average of 4.83 real estate transactions take place per month in WALLSEND which translates to 58 per annum.
58 properties were sold in WALLSEND during the past year, making it the 99th most active market in NSW based on total real estate transactions.
WALLSEND, 2287 places 407th in Australia based on median property value growth during the quarter.
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