Wellington Point, 4160 ranked 436th 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
Taking the average capital gain, or increase in median house value, Wellington Point,4160 has racked up an average of 2.72% over the period. This ranks it number 2226th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wellington Point, 4160. Typically our figures indicate that -4.10% is being offered, which puts this QLD suburb at 3129th most discounted overall in Australia.
In the last year 224 properties changed hands in Wellington Point, which puts it as the 43th most active market in QLD when comparing the number of sales per suburb.
Wellington Point, 4160’s gross rental yield is 4.44%
At number 1338th in the list of Australian suburbs ordered by increase in median house value over the last year, Wellington Point, 4160 is in the BOTTOM 30% with a property value increase of -3.28% recorded in median house prices.
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.
Property investors looking for a bargain in Wellington Point should be aiming for at least -5.72% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 5.57%, investors should hope to achieve an overall return of 4.59%