Wellington Real Estate Market Overview September 2021

As lockdowns disrupt, the team continues to step into gear and implement innovative strategies to ensure our regional real estate space continues to create opportunity and optimism across the Industry.  Local buyers and investors have driven the Central Gippsland property market over the past 18 months, creating a supply issue in Central Gippsland as demand grew.

The current state of the property market remains unchanged, and with more buyers in the local market, the median prices increase, providing  capital growth on investment.

Wellington Shire continues to demonstrate its economic stability and remain a long-term secure investment prospect. Small businesses and business association supporting groups along with the agriculture industry, the RAAF Base East Sale, the hospital, offshore industries, Saputo Inc., and the hospital all serve to support the local economy. The construction of the new TAFE, the focus on tourism and “The Middle Of Everywhere” campaign is raising Wellington Shire’s profile further and setting the stage for future growth.

Median Values August 2021

Sale Purchase House $369,500, Rent House $390 p/w

Stratford House Buy $350,000  Rent House $405 p/w

Maffra House Buy $320,000 Rent House $300 p/w