If you compare the increase in value of investment property in Westmead, 2145 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.07%.
Over the longer term, Westmead has seen property prices show investors a 82.47% return over the last 3 years. This is worse than over the last 12 months
At number 519th of NSW’s most discounted properties, Westmead is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
With the median price for a house in Westmead being $1405000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 1.85%
Westmead, 2145 ranked 460th in NSW when comparing growth in median property values or capital gain over the last 12 months. Westmead is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Westmead comes in at number 345th in NSW.
Our latest figures would indicate that property sellers in Westmead are currently offering property investors an average price cut of -3.65% below the asking price at the moment.