Property value increases in Wellington have tracked close to the NSW average of 7.77% over the last 12 months.
While Wellington,2820 ranked number 135th in NSW for increase in median house value (annualised) increase, it is ranked 752th over the last 5 years.
The most recent median price for Wellington is $166000, with sellers offering an average of -9.94% off the asking price.
Advertised rents are around the $280 mark per week – giving a return of 8.77% 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%.