A steady increase in median property prices over a five-year period in the suburb translates to a 40.7% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $700,000
The augmented property values in the suburb are trailing behind the territorial average of 6.63% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $430.
Home owners selling their properties and realtors in WICKHAM usually have to wait an average of 45.4 days days before their assets are lifted off the market.
The NSW suburb ranks 736th on the list of best yielding suburbs for rental properties in NSW, posting a 3.19% return.
It also places places 1210th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 2.04% over the last 12 months in WICKHAM, 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 WICKHAM, 2293 obtained a 2.89% growth over a ten-year period. It ranks 1018th on our list of suburbs that property investors should look into.
WICKHAM, 2293 has a capital gain of 2.04% for the past year, which is lower than average compared to its 52.32% growth within a five-year period.
With the median home price in WICKHAM sitting at $525,500, and the average rent at $480, property owners could potentially earn a 4.75% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WICKHAM are low, as opposed to average gains per annum over the past five years.
WICKHAM, 2293 in NSW belongs to the local government area of Newcastle.