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
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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%.