Wellington has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.33% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wellington has increased when compared to the 5 year average annual rate.
At number 6th of NSW’s most discounted properties, Wellington is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.28%, investors should hope to achieve an overall return of 9.49%
Information supplied by:
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%.