Wentworth Point, 2127 ranked 337th 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
When looking at the potential capital gains offered to property investors over the last 3 years, Wentworth Point comes in at number 434th in NSW.
Property buyers and investors in Wentworth Point 2127 should be seeing an average reduction in asking price of around -3.96% . This means that Wentworth Point is holding prices well when compared to other suburbs in NSW.
In the last year 352 properties changed hands in Wentworth Point, which puts it as the 12th 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.