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%.