With a capital gain of 16.00% for the last 12 months, Wellington, 2820 has performed for property investments than its average annual 3.40% property growth over the last 5 years.
Over the longer term, Wellington has seen property prices show investors a 5.45% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Wellington is giving property investors an average Vendor Discount of around -9.52%. This puts suburb at number 19th in NSW when ranking the most discounted suburbs.
Wellington is 11th on a list of best yielding suburbs for rents in NSW with a 8.97% return
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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%.