With a capital gain of -3.23% for the last 12 months, Wellington, 2820 has performed for property investments than its average annual 2.01% property growth over the last 5 years.
The five-year average increase in median property values for Wellington,2820 has given property investors a potential capital gain of 9.09% across each of those five years.
Wellington, 2820 is offering NSW ‘s 14th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.
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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%.