Property Market Update: Melbourne, December 2021
Melbourne capped off a bumpy 2021 with double-digit annual growth, triumphing over gloomy start-of-the-year forecasts. H...
Based on its average 5-year and quarterly capital gains WELLINGTON, 2820 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that WELLINGTON, 2820 obtained a 6.5% growth over a ten-year period. It ranks 1513th on our list of suburbs that property investors should look into.
WELLINGTON, 2820 in NSW belongs to the local government area of Western Plains Regional (A).
WELLINGTON, 2820 has a capital gain of 27.27% for the past year, which is higher than average compared to its 41.89% growth within a five-year period.
With the median home price in WELLINGTON sitting at $210,000, and the average rent at $350, property owners could potentially earn a 8.67% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WELLINGTON are low, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.27%||N/A|
|Median 3 years||35.48%||N/A|
|Median 5 years||41.89%||N/A|
|10 years average annual||6.5%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||92.5 days||N/A|
|Gross Rental Yield Percent||8.67%||N/A|