Over the last year, property investments in South Wentworthville, 2145 have given investors a capital gain of 15.48%. This compares favourably with the 11.06% for NSW as a whole.
Across a shorter period, South Wentworthville, 2145 has seen a median price increase of 1.70% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in South Wentworthville itself are offering an average vendor discount of -6.53% to real estate investors.
With the median price for a house in South Wentworthville being $895000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.91%
Property investors who have had real estate in South Wentworthville, 2145 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.93%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Wentworthville has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that South Wentworthville is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 261th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in South Wentworthville the average time real estate has been on the market is 61.22 days.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 7.60%, investors should hope to achieve an overall return of 3.59%