Suburb Profile Report for Wetherill Park NSW (2164)

Wetherill Park House: Median price $810,000, Annual capital growth 8.27%, Number of sales 59, Weekly median advertised rent $490

Wetherill Park Unit: Median price $520,000, Annual capital growth 6.24%, Number of sales 16, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Wetherill Park has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.46%

The five-year average increase in median property values for Wetherill Park,2164 has given property investors a potential capital gain of 72.34% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Wetherill Park is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 119th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.

The NSW suburb of Wetherill Park, 2164 is in the Fairfield local government area.

With a capital gain of 19.13% for the last 12 months, Wetherill Park, 2164 has performed for property investments than its average annual 6.24% property growth over the last 5 years.

The five-year average increase in median property values for Wetherill Park,2164 has given property investors a potential capital gain of 63.78% across each of those five years.

Property investors looking for a bargain in Wetherill Park should be aiming for at least -6.98% off the asking price, which is the average vendor discount being achieved at the moment.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 6.24%.

HOUSE UNIT
$810,000 $520,000
2.66% 7.22%
9.46% 19.13%
8.27% 6.24%
$490 $450
59 16
3.15% 4.50%
95.61 84

Source: CoreLogic

DSR Score for property investment : Above average (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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