Wellington Point, 4160 ranked 152th in QLD when comparing growth in median property values or capital gain over the last 12 months. Wellington Point is one of 2415 in our list for QLD
When looking at the potential capital gains offered to property investors over the last 3 years, Wellington Point comes in at number 254th in QLD.
LACK OF BUYER INTEREST may well be the reason that Wellington Point is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 721th in terms of most discounted suburbs in QLD
In the last year 235 properties changed hands in Wellington Point, which puts it as the 39th most active market in QLD when comparing the number of sales per suburb.
Wellington Point is in the bottom 10% in QLD when comparing median price capital growth over the last year. Wellington Point gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.16%.
If we look at median property appreciation over just the last three months, Wellington Point has given property investors a paper return of -1.82%. This puts Suburb as 254 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Wellington Point should be aiming for at least -7.16% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Property investors should expect to get $400 weekly from the median priced house in this suburb.