Wentworth Point, 2127 ranked 312th 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
Across a shorter period, Wentworth Point, 2127 has seen a median price increase of 0.73% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wentworth Point, 2127. Typically our figures indicate that -3.87% is being offered, which puts this NSW suburb at 1079th most discounted overall in Australia.
At number 560 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 67.56 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
Information supplied by:
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.