Wentworth Point, 2127 ranked 345th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wentworth Point is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Wentworth Point,2127 has racked up an average of 3.16% over the period. This ranks it number 790th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.69% to buyers in Wentworth Point at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $530 mark per week – giving a return of 3.99% based on the median price in 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.