Thinking about buying in Wellstead? Now could not be a better time, with just 86 residential dwellings it's a highly sought after location.
The average property price for this area is $753,000 with prices in this suburb ranging from $580,000 to $839,000.Wellstead is located near the coast as well as views of the ocean, demand is likely to be high
In Wellstead there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Wellstead are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Wellstead leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Wellstead to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
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Wellstead Primary School(While the above schools are located with the suburb of Wellstead there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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