Property value increases in Wellington have tracked higher than the NSW average of -4.21% over the last 12 months.
Wellington,2820 has offered an average of 3.21% return per annum in house price rises to property investors over the last three years.
The most recent median price for Wellington is $157400, with sellers offering an average of -11.89% off the asking price.
Often selling an investment property can take time, and in Wellington the average time real estate has been on the market is 127.904 days.
Advertised rents are around the $260 mark per week – giving a return of 8.59% based on the median price in Suburb
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%.