Suburb Profile Report for Welby NSW (2575)

Welby House: Median price $517,500, Annual capital growth 6.55%, Number of sales 10, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Giving property investors a a poor capital gain of -20.99% for the last year, Welby, 2575 is the 4023th highest performer in Australia in this respect.

Comparing Welby,2575 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Renters in Suburb are facing rents around $26000 per annum or $500 every week.

Information supplied by:


June 2017

M
O

W
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A smart location with rising house values

Median house price: $582,500

Three-year growth: 45.63%

Rental yield: 4.02%

Formerly known as Fitzroy, the suburb of Welby in New South Wales has recorded a strong performance over the past 12 months.

House prices have soared by nearly 33% in this period, bringing the median price to over $582,000. Even with the high values, houses sell like hotcakes – they spend just over 30 days on the market on average, and are bought at an average discount of under 5%. Many investors are likely keen on this suburb due to its reasonable average yield of 4%.

This small suburb is located next to the larger town of Mittagong, which is a well-known tourist spot given its proximity to Mount Gibraltar and Lake Alexandra. Thus, Welby residents have easy access to shops and public transport like trains, buses and coaches.

Metrics i HOUSE UNIT
$517,500 N/A
-17.86% N/A
-20.99% N/A
6.55% N/A
$500 N/A
10 N/A
5.02% N/A
N/A N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 735
Median household income ($/weekly) 858
Median age of persons 40
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 108 14.7
    25-34 years 79 10.7
    35-44 years 94 12.8
    45-54 years 93 12.7
    55-64 years 100 13.6
    Others 261 35.5
    Age Group
    Census Count Percent(%)
    Not Married 252 48.8
    Registered Married 208 40.3
    Defacto Relationship 56 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 590 86.8
    China 6 0.9
    Papua New Guinea 12 1.8
    United Kingdom 43 6.3
    Other 12 1.8
    Others 17 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 489 75.7
    No Religion 136 21.1
    Other Religious Groups 10 1.5
    Buddhism 6 0.9
    Islam 5 0.8
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 31 12.5
    $400-$599 36 14.5
    $800-$999 30 12.1
    $1,000-$1,249 25 10.1
    $1,500-$1,999 30 12.1
    Others 96 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 224 40.4
    Employed, worked full-time 176 31.8
    Employed, worked part-time 120 21.7
    Employed, away from work 22 4.0
    Unemployed, looking for work 12 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 46 14.6
    Technicians & trades workers 64 20.3
    Community & personal service workers 40 12.7
    Clerical & administrative workers 35 11.1
    Labourers 47 14.9
    Others 83 26.3
    Occupation
    Census Count Percent(%)
    Secondary 56 35.0
    Infants/Primary 53 33.1
    Pre-school 26 16.3
    Technical or Further Educational Institution 18 11.3
    University or other Tertiary Institutions 7 4.4
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 669 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 90 33.8
    Rented 90 33.8
    Being purchased 83 31.2
    Other tenure type 3 1.1
    Tenure Type
Census 2011, ABS
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