Suburb Profile Report for Welby NSW (2575)

Welby House: Median price $587,500, Annual capital growth 8.98%, Number of sales 16, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

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%

Information supplied by:


June 2017

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Formerly known as Fitzroy, the suburb of Welby in New South Wales has recorded a strong performance over the past 12 months.Full summary

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
Metrics i HOUSE UNIT
$587,500 N/A
5.15% N/A
3.07% N/A
8.98% N/A
$490 N/A
16 N/A
4.34% N/A
98.2 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 735
Median household income ($/weekly) 858
Median age of persons 40
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 108 14.7
    25-34 years 79 10.7
    35-44 years 94 12.8
    45-54 years 93 12.7
    55-64 years 100 13.6
    Others 261 35.5
    Age Group
    Census Count Percent(%)
    Not Married 252 48.8
    Registered Married 208 40.3
    Defacto Relationship 56 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 590 86.8
    China 6 0.9
    Papua New Guinea 12 1.8
    United Kingdom 43 6.3
    Other 12 1.8
    Others 17 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 489 75.7
    No Religion 136 21.1
    Other Religious Groups 10 1.5
    Buddhism 6 0.9
    Islam 5 0.8
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 31 12.5
    $400-$599 36 14.5
    $800-$999 30 12.1
    $1,000-$1,249 25 10.1
    $1,500-$1,999 30 12.1
    Others 96 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 224 40.4
    Employed, worked full-time 176 31.8
    Employed, worked part-time 120 21.7
    Employed, away from work 22 4.0
    Unemployed, looking for work 12 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 46 14.6
    Technicians & trades workers 64 20.3
    Community & personal service workers 40 12.7
    Clerical & administrative workers 35 11.1
    Labourers 47 14.9
    Others 83 26.3
    Occupation
    Census Count Percent(%)
    Secondary 56 35.0
    Infants/Primary 53 33.1
    Pre-school 26 16.3
    Technical or Further Educational Institution 18 11.3
    University or other Tertiary Institutions 7 4.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 669 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 90 33.8
    Rented 90 33.8
    Being purchased 83 31.2
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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