NSW has seen average median house prices change by 6.07% which means that Wentworth Point, 2127 has done well for property investors by showing a capital gain of 3.98% over the last year
Over the longer term, Wentworth Point has seen property prices show investors a 15.25% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Wentworth Point 2127 should be seeing an average reduction in asking price of around -3.84% . This means that Wentworth Point is holding prices well when compared to other suburbs in NSW.
At number 496 in a list of fastest selling suburbs, Wentworth Point is in the TOP 40% of suburbs in Australia with an average of days on market 64.96 for properties listed there.
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.