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.
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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.