Wentworth Point has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.54% to date .
The five-year average increase in median property values for Wentworth Point,2127 has given property investors a potential capital gain of 9.30% across each of those five years.
Vendor discounting in Wentworth Point is giving property investors an average Vendor Discount of around -6.58%. This puts suburb at number 187th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $550 mark per week – giving a return of 4.21% based on the median price in Suburb
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While there are some strong signs for the market in the Western Sydney suburb of Wentworth Point, investors should take note of its increasing vacancy rate.
According to Real Estate Investar, the suburb’s vacancy rate sits at 16.01%, having increased from 14.33% over the past 12 months.
While Wentworth Point’s current vacancy rate and average rental yield of 4% may mean the suburb is unlikely to deliver positive cash flow to investors, those who have bought into the area in recent years have likely benefited from strong capital growth.
The median unit price in the suburb is currently north of $600,000, having increased by 29% over the past five years.
That growth has made dwellings in the suburb a relatively hot commodity, with units spending on average just 36 days on the market.