Giving property investors a an unimpressive capital gain of 1.38% for the last year, Wentworth Point, 2127 is the 1065th highest performer in Australia in this respect.
Over the longer term, Wentworth Point has seen property prices show investors a 12.90% 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 -3.47% . This means that Wentworth Point is holding prices well when compared to other suburbs in NSW.
In the last year 465 properties changed hands in Wentworth Point, which puts it as the 6th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Wentworth Point, 2127 is in the Auburn local government area.
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.