Investment property in Wellington has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.35%
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.
LACK OF BUYER INTEREST may well be the reason that Wellington is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in NSW
In the last year 110 properties changed hands in Wellington, which puts it as the 247th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Wellington being $141500 and the advertised rent reaching $237.5 the gross rental yield for property investors calculates out to be 8.73%