Located in New South Wales within the Dubbo Regional local government area, Wellington is a compact suburb (postcode 2820). It is home to about 4,096 residents, with an established family demographic and a median age of 41. Households earn a median income of $51K per year, with an average household size of 2.3 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Wellington stand at $600,000, having risen steeply by 81.8% over the last twelve months. Units have a median price of $180,000 (+14.3% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $936.
Wellington is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 856, which is well below the national average of 1,000. Public transport access includes 1 rail station, 58 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Dubbo Regional LGA is moderate at 6,970 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.7%, which reads as moderate yield. Property prices sit below the state median ($600K/$1.5M), which can point to relative value. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +81.8% year-on-year.