With a capital gain of 3.04% for the last 12 months, Wentworthville, 2145 has performed for property investments than its average annual 9.86% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wentworthville has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Wentworthville is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 537th in terms of most discounted suburbs in NSW
With the median price for a house in Wentworthville being $1000000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 2.44%
Property value increases in Wentworthville have tracked just lower than the NSW average of 6.07% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Wentworthville comes in at number 85th in NSW.
Property investors looking for a bargain in Wentworthville should be aiming for at least -5.39% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 138 properties changed hands in Wentworthville, which puts it as the 108th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 8.97%, investors should hope to achieve an overall return of 3.85%
Wentworthville, located approximately 25km west of the city, is just a short drive from the centre of ParramattaFull summary
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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.