At number 2683th in the list of Australian suburbs ordered by increase in median house value over the last year, Welby, 2575 is in the BOTTOM 40% with a property value increase of 3.07% recorded in median house prices.
Property buyers and investors in Welby 2575 should be seeing an average reduction in asking price of around -6.73% . This means that Welby is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Welby being $587500 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 4.34%
Formerly known as Fitzroy, the suburb of Welby in New South Wales has recorded a strong performance over the past 12 months.Full summary
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A smart location with rising house values
Median house price: $582,500
Three-year growth: 45.63%
Rental yield: 4.02%
Formerly known as Fitzroy, the suburb of Welby in New South Wales has recorded a strong performance over the past 12 months.
House prices have soared by nearly 33% in this period, bringing the median price to over $582,000. Even with the high values, houses sell like hotcakes – they spend just over 30 days on the market on average, and are bought at an average discount of under 5%. Many investors are likely keen on this suburb due to its reasonable average yield of 4%.
This small suburb is located next to the larger town of Mittagong, which is a well-known tourist spot given its proximity to Mount Gibraltar and Lake Alexandra. Thus, Welby residents have easy access to shops and public transport like trains, buses and coaches.Close