If you compare the increase in value of investment property in Wellard, 6170 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -7.33%.
Wellard,6170 was ranked 3479 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Wellard are currently offering property investors an average price cut of -7.14% below the asking price at the moment.
With the median price for a house in Wellard being $417000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.49%
Wellard has had a pretty good year for property investment returns compared to the rest of WA, giving investors a capital gain of -1.39% to date .
In the last year 13 properties changed hands in Wellard, which puts it as the 102th most active market in WA when comparing the number of sales per suburb.