Wentworth Point is in the bottom 40% in NSW when comparing median price capital growth over the last year. Wentworth Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.87%.
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.
Vendor discounting in Wentworth Point is giving property investors an average Vendor Discount of around -3.89%. This puts suburb at number 246th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $6360 per annum or $530 every week.
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.