Over the last year, property investments in Wetherill Park, 2164 have given investors a capital gain of 11.38%. This compares favourably with the 8.99% for NSW as a whole.
Across a shorter period, Wetherill Park, 2164 has seen a median price increase of 4.61% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.52% offered to property buyers. Sellers in Wetherill Park itself are offering an average vendor discount of -5.33% to real estate investors.
On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.
Investment property in Wetherill Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.51%
Taking the average capital gain, or increase in median house value, Wetherill Park,2164 has racked up an average of 19.51% over the period. This ranks it number 160th in the whole country for real estate investors looking at median house price increases.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 5.01%.