Suburb Profile Report for Wellington NSW (2820)

Wellington House: Median price $150,000, Annual capital growth 1.81%, Number of sales 96, Weekly median advertised rent $270

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Wellington, 2820 ranked 684th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wellington is one of 3163 in our list for NSW

Wellington,2820 was ranked 3596 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Wellington is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 7th in terms of most discounted suburbs in NSW

Advertised rents are around the $270 mark per week – giving a return of 9.36% based on the median price in Suburb

Information supplied by:


April 2019

M
O

W
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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
$150,000 N/A
-3.23% N/A
-3.23% N/A
1.81% N/A
$270 N/A
96 N/A
9.36% N/A
143.395833333333 N/A

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Below average (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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