Property investors who have had real estate in Wellington, 2820 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.09%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wellington has increased when compared to the 5 year average annual rate.
The most recent median price for Wellington is $146500, with sellers offering an average of -9.01% off the asking price.
At number 3684 in a list of fastest selling suburbs, Wellington is in the bottom 10% of suburbs in Australia with an average of days on market 155.4 for properties listed there.
A $240 per week rent on the median house gives suburb investors a gross yield of circa 8.52%, without taking into account capital value appreciation, which has been averaging out at 3.10%.