NSW has seen average median house prices change by 10.25% which means that Wentworthville, 2145 has done well for property investors by showing a capital gain of 14.46% over the last year
Over the longer term, Wentworthville has seen property prices show investors a 44.74% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.40% offered to property buyers. Sellers in Wentworthville itself are offering an average vendor discount of -7.88% to real estate investors.
Residents and property investors in Wentworthville have been waiting around 76.02 days to sell a property.
Wentworthville, 2145’s gross rental yield is 2.32%
With a capital gain of 2.52% for the last 12 months, Wentworthville, 2145 has performed for property investments than its average annual 9.01% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Wentworthville comes in at number 251th in NSW.
Property investors looking for a bargain in Wentworthville should be aiming for at least -4.16% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 216 properties changed hands in Wentworthville, which puts it as the 51th most active market in NSW when comparing the number of sales per suburb.
Situated 12.54km from the CBD, Wentworthville is one of Holroyd localities in the postcode 2145.
Wentworthville is home to many schools, sports facilities and several parks, making it ideal for families. Units in particular saw a considerable jump in stock (53.2%) compared with 12 months ago, suggesting that there is a desire to promote apartment living.Full summary
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Median unit price: $595,000
Stock on market: 53.2%
12-month growth: -0.8%
Given its close proximity to Parramatta, the quaint suburb of “Wenty” is seeing supply rise to address demand. Units in particular saw a considerable jump in stock (53.2%) compared with 12 months ago, suggesting that there is a desire to promote apartment living.
This increase in supply has begun to temper price growth, with the median value falling by 0.8% in the past 12 months leading up to July 2017. Nonetheless, there was some recovery in the June 2017 quarter. This is likely because the suburb is near important amenities like Westmead Hospital, where many aspiring doctors are trained.
Wentworthville is also home to many schools, sports facilities and several parks, making it ideal for families. Two major shopping hubs have been established here as well. The presence of the Wentworthville train station simplifies commuting, even all the way to Sydney.Close