QLD has seen average median house prices change by 12.16% which means that Wellington Point, 4160 has done well for property investors by showing a capital gain of 10.77% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wellington Point has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Wellington Point should be aiming for at least -4.10% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 235 properties changed hands in Wellington Point, which puts it as the 75th most active market in QLD when comparing the number of sales per suburb.
Situated 20.96km from the CBD, Wellington Point is one of Redland (C) localities in the postcode 4160.
Property value increases in Wellington Point have tracked lower than the QLD average of 8.71% over the last 12 months.
If we look at median property appreciation over just the last three months, Wellington Point has given property investors a paper return of -0.55%. This puts Suburb as 318 on a list of fastest fasting appreciating suburbs in QLD
Wellington Point4160 is located in QLD which offers an average discount of -4.64% to property investors. Wellington Point itself is showing figures that indicate -3.72% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Wellington Point have been waiting around 54.5833 days to sell a property.
Renters in Suburb are facing rents around $22620 per annum or $435 every week.