Suburb Profile Report for Wellington NSW (2820)

Wellington House: Median price $157,400, Annual capital growth 3.00%, Number of sales 105, Weekly median advertised rent $260

  • 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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Property value increases in Wellington have tracked higher than the NSW average of -4.21% over the last 12 months.

Wellington,2820 has offered an average of 3.21% return per annum in house price rises to property investors over the last three years.

The most recent median price for Wellington is $157400, with sellers offering an average of -11.89% off the asking price.

Often selling an investment property can take time, and in Wellington the average time real estate has been on the market is 127.904 days.

Advertised rents are around the $260 mark per week – giving a return of 8.59% based on the median price in Suburb

Information supplied by:


April 2019

M
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House values slip over the past year

Postcode: 2820

Median house price: $152,500

Three-year growth: 13.0%

Rental yield: 8.5%

The perfect place for adventurers to be, the suburb of Wellington attracts those who love caves, mountain biking, bushwalking and watersports.

The world-renowned Wellington Caves, where explorer discovered megafauna fossils back in 1830, are open to visitors. The limestone caves contain a wealth of crystal formations (Cathedral Cave) and coral formations (Gaden Cave). The very same mine where the fossils were found can be viewed as well.

For those who’d rather be out in the sun, Lake Burrendong is the perfect site for fishing – it is home to redfin and golden perch, among others. Cyclists find excellent terrain in Mount Arthur Reserve.

After a strong positive run from 2014-2017, the house market in Wellington stumbled in the January 2018-2019 period, with values dropping by 7.6% to a median of $152,500. Rental yields are very high at 8.5%.

Metrics i HOUSE UNIT
$157,400 N/A
-1.63% N/A
3.21% N/A
3.00% N/A
$260 N/A
105 N/A
8.59% N/A
127.903846153846 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 : Poor (H), Poor (U)
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Demographics
Total population 4065
Median household income ($/weekly) 661
Median age of persons 42
Median housing loan repayment ($/monthly) 953
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 583 14.3
    35-44 years 433 10.6
    45-54 years 478 11.8
    55-64 years 517 12.7
    65-74 years 437 10.7
    Others 1619 39.8
    Age Group
    Census Count Percent(%)
    Not Married 1420 51.5
    Registered Married 1016 36.9
    Defacto Relationship 319 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3566 94.9
    New Zealand 15 0.4
    Papua New Guinea 34 0.9
    United Kingdom 58 1.5
    Other 22 0.6
    Others 61 1.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.2
    Christianity 3194 86.5
    Hinduism 3 0.1
    Other Religious Groups 10 0.3
    No Religion 475 12.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 267 19.3
    $400-$599 249 18.0
    $600-$799 185 13.4
    $800-$999 143 10.3
    $1,000-$1,249 122 8.8
    Others 419 30.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1581 53.2
    Employed, worked full-time 714 24.0
    Employed, worked part-time 401 13.5
    Unemployed, looking for work 189 6.4
    Employed, away from work 86 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 166 13.9
    Technicians & trades workers 158 13.2
    Community & personal service workers 224 18.7
    Sales 128 10.7
    Labourers 182 15.2
    Others 340 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 84 10.4
    Infants/Primary 341 42.0
    Secondary 242 29.8
    Technical or Further Educational Institution 83 10.2
    University or other Tertiary Institutions 45 5.5
    Others 16 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3371 92.4
    Flat, unit or apartment 128 3.5
    Semi-detached, row or terrace house, townhouse 112 3.1
    House or flat attached to a shop, office 34 0.9
    Caravan, cabin, houseboat 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 597 39.1
    Fully owned 572 37.5
    Being purchased 348 22.8
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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