Over the last year, property investments in Wellington, 2820 have given investors a capital gain of 24.14%. This compares very favourably with the 12.10% for NSW as a whole.
While Wellington,2820 ranked number 819th in NSW for increase in median house value (annualised) increase, it is ranked 771th over the last 5 years.
The most recent median price for Wellington is $180000, with sellers offering an average of -8.39% off the asking price.
Wellington is 4th on a list of best yielding suburbs for rents in NSW with a 9.24% return
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House values slip over the past year
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%.