Property value increases in Wentworth Point have tracked just lower than the NSW average of 4.18% over the last 12 months.
If we look at median property appreciation over just the last three months, Wentworth Point has given property investors a paper return of 0.30%. This puts Suburb as 295 on a list of fastest fasting appreciating suburbs in NSW
Wentworth Point2127 is located in NSW which offers an average discount of -3.81% to property investors. Wentworth Point itself is showing figures that indicate -3.66% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Wentworth Point the average time real estate has been on the market is 79.4161 days.
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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.