Wentworth Point is in the bottom 40% in NSW when comparing median price capital growth over the last year. Wentworth Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.05%.
If we look at median property appreciation over just the last three months, Wentworth Point has given property investors a paper return of 0.51%. This puts Suburb as 282 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Wentworth Point should be aiming for at least -5.90% off the asking price, which is the average vendor discount being achieved at the moment.
Wentworth Point, 2127’s gross rental yield is 4.12%
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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.