Suburb Profile Report for Wentworth Point NSW (2127)

Wentworth Point Unit: Median price $689,000, Annual capital growth 3.08%, Number of sales 371, Weekly median advertised rent $530

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

Wentworth Point has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.84% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Wentworth Point comes in at number 445th in NSW.

Our latest figures would indicate that property sellers in Wentworth Point are currently offering property investors an average price cut of -3.87% below the asking price at the moment.

On average over the past year, suburb has had 30.92 sales per month, which equates to 371 per year.

Property investors should expect to get $530 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
April 2016

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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.Full summary
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.

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.
Close
Metrics i HOUSE UNIT
N/A $689,000
N/A 0.44%
N/A 2.84%
N/A 3.08%
N/A $530
N/A 371
N/A 4.00%
N/A 65.4

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2759
Median household income ($/weekly) 2034
Median age of persons 32
Median housing loan repayment ($/monthly) 2400
Average household size 2
  • Census Count Percent(%)
    20-24 years 184 6.7
    25-34 years 1039 37.6
    35-44 years 493 17.9
    45-54 years 297 10.8
    55-64 years 234 8.5
    Others 513 18.6
    Age Group
    Census Count Percent(%)
    Registered Married 929 44.8
    Not Married 793 38.3
    Defacto Relationship 350 16.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1235 51.7
    Croatia 179 7.5
    Lebanon 183 7.7
    United Kingdom 86 3.6
    Other 174 7.3
    Others 530 22.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 120 5.2
    Christianity 1439 62.2
    Hinduism 86 3.7
    Islam 98 4.2
    No Religion 535 23.1
    Others 36 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 89 8.1
    $1,500-$1,999 180 16.4
    $2,000-$2,499 141 12.8
    $2,500-$2,999 205 18.6
    $3,000-$3,499 105 9.5
    Others 380 34.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1397 65.5
    Not in the labour force 321 15.0
    Employed, worked part-time 259 12.1
    Employed, away from work 93 4.4
    Unemployed, looking for work 64 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 383 22.0
    Professionals 634 36.4
    Technicians & trades workers 117 6.7
    Clerical & administrative workers 260 14.9
    Sales 122 7.0
    Others 226 13.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 79 20.4
    Secondary 50 12.9
    Technical or Further Educational Institution 51 13.2
    University or other Tertiary Institutions 160 41.3
    Other type of educational institution 25 6.5
    Others 22 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2366 99.2
    Semi-detached, row or terrace house, townhouse 15 0.6
    Separate house 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 650 54.9
    Being purchased 409 34.6
    Fully owned 121 10.2
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals