Giving property investors a an unimpressive capital gain of -0.52% for the last year, Wentworthville, 2145 is the 2925th highest performer in Australia in this respect.
Wentworthville,2145 was ranked 617 in Australia by increase in median property value over the quarter.
Property buyers and investors in Wentworthville 2145 should be seeing an average reduction in asking price of around -6.28% . This means that Wentworthville is holding prices well when compared to other suburbs in NSW.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 2.57%, without taking into account capital value appreciation, which has been averaging out at 9.14%.
Property investors who have had real estate in Wentworthville, 2145 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.13%
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.
At number 74th of NSW’s most discounted properties, Wentworthville is in the bottom 20% of the state/territory when listing in order of most discounted to least.
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.