Property investors who have had real estate in Wentworth Point, 2127 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.14%
Comparing Wentworth Point,2127 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Wentworth Point 2127 should be seeing an average reduction in asking price of around -3.78% . This means that Wentworth Point is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Wentworth Point have been waiting around 35.84 days to sell a property.
Situated 7.69km from the CBD, Wentworth Point is one of Auburn localities in the postcode 2127.
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.Full summary
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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.Close
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.