Westmead has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.62% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Westmead comes in at number 88th in NSW.
Property investors looking for a bargain in Westmead should be aiming for at least -8.36% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $497.5 and the average annual increase in value of a median property of 9.31%, investors should hope to achieve an overall return of 2.13%
Westmead is in the bottom 40% in NSW when comparing median price capital growth over the last year. Westmead gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.87%.
Comparing Westmead,2145 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Westmead 2145 should be seeing an average reduction in asking price of around -4.30% . This means that Westmead is holding prices well when compared to other suburbs in NSW.
Westmead is 269th on a list of best yielding suburbs for rents in NSW with a 4.21% return