Wellington is in the bottom 10% in NSW when comparing median price capital growth over the last year. Wellington gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.81%.
Comparing Wellington,2820 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Wellington2820 is located in NSW which offers an average discount of -4.58% to property investors. Wellington itself is showing figures that indicate -12.56% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 7.67 sales per month, which equates to 92 per year.
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Information supplied by:
April 2019
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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%.