If you compare the increase in value of investment property in Wentworth Point, 2127 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.19%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wentworth Point has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Wentworth Point should be aiming for at least -3.87% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 412 properties changed hands in Wentworth Point, which puts it as the 10th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Wentworth Point being $700000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 3.94%
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.