Suburb Profile Report for Wetherill Park NSW (2164)

Wetherill Park House: Median price $802,500, Annual capital growth 8.53%, Number of sales 64, Weekly median advertised rent $500

Wetherill Park Unit: Median price $510,000, Annual capital growth 8.21%, Number of sales 15, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 9.74% which means that Wetherill Park, 2164 has done well for property investors by showing a capital gain of 4.70% over the last year

Across a shorter period, Wetherill Park, 2164 has seen a median price increase of 0.31% over the last quarter.

Property investors looking for a bargain in Wetherill Park should be aiming for at least -10.30% off the asking price, which is the average vendor discount being achieved at the moment.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.24%, without taking into account capital value appreciation, which has been averaging out at 8.53%.

With a capital gain of 6.25% for the last 12 months, Wetherill Park, 2164 has performed for property investments than its average annual 8.21% property growth over the last 5 years.

Comparing Wetherill Park,2164 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 8.21%, investors should hope to achieve an overall return of 4.49%

Metrics i HOUSE UNIT
$802,500 $510,000
0.31% -1.16%
4.70% 6.25%
8.53% 8.21%
$500 $440
64 15
3.24% 4.49%
82 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 6025
Median household income ($/weekly) 1309
Median age of persons 38
Median housing loan repayment ($/monthly) 1842
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 671 11.1
    25-34 years 820 13.6
    35-44 years 703 11.7
    45-54 years 865 14.4
    55-64 years 968 16.1
    Others 1998 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 2595 54.3
    Not Married 2018 42.2
    Defacto Relationship 168 3.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2862 49.6
    Ireland 482 8.4
    Japan 271 4.7
    Viet Nam 190 3.3
    Other 758 13.1
    Others 1205 20.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 378 6.6
    Christianity 4609 80.6
    Hinduism 73 1.3
    Islam 251 4.4
    No Religion 367 6.4
    Others 40 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 171 10.7
    $800-$999 143 8.9
    $1,000-$1,249 171 10.7
    $1,500-$1,999 224 14.0
    $2,000-$2,499 179 11.2
    Others 714 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1928 39.9
    Employed, worked full-time 1810 37.5
    Employed, worked part-time 716 14.8
    Unemployed, looking for work 190 3.9
    Employed, away from work 186 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 380 14.0
    Technicians & trades workers 440 16.2
    Clerical & administrative workers 493 18.2
    Machinery operators & drivers 284 10.5
    Labourers 298 11.0
    Others 817 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 92 6.7
    Infants/Primary 409 30.0
    Secondary 423 31.0
    Technical or Further Educational Institution 163 11.9
    University or other Tertiary Institutions 242 17.7
    Others 36 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5427 93.3
    Semi-detached, row or terrace house, townhouse 377 6.5
    House or flat attached to a shop, office 9 0.2
    Flat, unit or apartment 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 773 43.6
    Being purchased 656 37.0
    Rented 332 18.7
    Other tenure type 10 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals