At number 328th in the list of Australian suburbs ordered by increase in median house value over the last year, Wentworth Point, 2127 is in the top 20% with a property value increase of 12.60% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wentworth Point has increased when compared to the 5 year average annual rate.
Wentworth Point2127 is located in NSW which offers an average discount of -4.45% to property investors. Wentworth Point itself is showing figures that indicate -3.42% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 3.21%, investors should hope to achieve an overall return of 3.93%
While there are some strong signs for the market in the Western Sydney suburb of Wentworth Point, investors should take note of its increasing vacancy rate.Full summary
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While there are some strong signs for the market in the Western Sydney suburb of Wentworth Point, investors should take note of its increasing vacancy rate.Close
According to Real Estate Investar, the suburb’s vacancy rate sits at 16.01%, having increased from 14.33% over the past 12 months.
While Wentworth Point’s current vacancy rate and average rental yield of 4% may mean the suburb is unlikely to deliver positive cash flow to investors, those who have bought into the area in recent years have likely benefited from strong capital growth.
The median unit price in the suburb is currently north of $600,000, having increased by 29% over the past five years.
That growth has made dwellings in the suburb a relatively hot commodity, with units spending on average just 36 days on the market.