Wellington Point has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 6.61% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wellington Point has increased when compared to the 5 year average annual rate.
The most recent median price for Wellington Point is $605000, with sellers offering an average of -4.46% off the asking price.
With the median price for a house in Wellington Point being $605000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 4.25%
If you compare the increase in value of investment property in Wellington Point, 4160 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -13.13%.
Wellington Point,4160 was ranked 1531 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Wellington Point should be aiming for at least -6.90% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 38 properties changed hands in Wellington Point, which puts it as the 215th most active market in QLD when comparing the number of sales per suburb.
Situated 21.09km from the CBD, Wellington Point is one of Redland localities in the postcode 4160.