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.
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.