Wellingrove is a quiet locality in New South Wales within the Inverell local government area (postcode 2370). With a population of 95, the suburb has an older demographic with a median age of 58. Households earn a median income of $51K per year, with an average household size of 2 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Wellingrove is $700,000, having surged 159.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,603.
Public transport access includes 11 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Wellingrove offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +159.3% year-on-year.
Wellingrove is a quiet locality in New South Wales within the Inverell local government area (postcode 2370). With a population of 95, the suburb has an older demographic with a median age of 58. Households earn a median income of $51K per year, with an average household size of 2 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Wellingrove is $700,000, having surged 159.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,603.
Public transport access includes 11 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Wellingrove offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +159.3% year-on-year.