At number 3478th in the list of Australian suburbs ordered by increase in median house value over the last year, Wentworthville, 2145 is in the BOTTOM 20% with a property value increase of -5.23% recorded in median house prices.
Comparing Wentworthville,2145 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Wentworthville is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 333th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 8.08 sales per month, which equates to 97 per year.
Renters in Suburb are facing rents around $5580 per annum or $465 every week.
Over the last year, property investments in Wentworthville, 2145 have given investors a capital gain of 0.00%. This compares badly with the 5.59% for NSW as a whole.
Wentworthville,2145 was ranked 362 in Australia by increase in median property value over the 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 Wentworthville, 2145. Typically our figures indicate that -5.78% is being offered, which puts this NSW suburb at 546th most discounted overall in Australia.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.86%, without taking into account capital value appreciation, which has been averaging out at 8.75%.
Wentworthville, located approximately 25km west of the city, is just a short drive from the centre of ParramattaFull summary
Information supplied by:
Wentworthville, located approximately 25km west of the city, is just a short drive from the centre of Parramatta.
Wentworthville train station allows easy access into the rest of the city, while the Western Motorway, which links Western Sydney to both the CBD and the New South Wales interior, passes through the southern section of the suburb.
Like many suburbs within the Sydney metro area, property prices surged strongly during the past 12 months. According to the CoreLogic RP Data figures, median house price soared 32% during the past year.
During the past three months alone, median house price grew by another 7% as desperate buyers continue to storm the market.
Amenities include two shopping precincts, one of which extends into Parramatta itself.Close
lthough scaled down somewhat from early years, the area is also home to an assortment of factory outlet stores – making it a popular destination for bargain hunters.