Wickham

POSTAL CODE: NSW, 2293

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a -5.93% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,070,000

The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $745.

Home owners selling their properties and realtors in WICKHAM usually have to wait an average of N/A days before their assets are lifted off the market.

The NSW suburb ranks 404th on the list of best yielding suburbs for rental properties in NSW, posting a 3.62% return.

It also places places 22nd in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 8.45% 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 4.54% growth over a ten-year period. It ranks 1020th on our list of suburbs that property investors should look into.

WICKHAM, 2293 has a capital gain of 8.45% for the past year, which is higher than average compared to its 32.76% growth within a five-year period.

With the median home price in WICKHAM sitting at $770,000, and the average rent at $725, property owners could potentially earn a 4.9% 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,070,000	$770,000
Growth Report
Median Quarterly	18.23%	3.7%
Median 12 month	18.89%	8.45%
Median 3 years	-5.93%	4.34%
Median 5 years	59.7%	32.76%
10 years average annual	8.55%	4.54%
Weekly media advert. rent	$745	$725
Time on Market	N/A	50.7 days
Gross Rental Yield Percent	3.62%	4.9%

Demographics (Median Values)*

Total Population 2521

Weekly Household Income 1488

Household Size 2.10

Average Age 36

Monthly Loan Repayment 1842

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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