Wentworthville is in the TOP 20% in NSW when comparing median price capital growth over the last year. Wentworthville gave property investors a very good capital gain figure when compared to the rest of the state, with 14.11%.
Over the longer term, Wentworthville has seen property prices show investors a -0.50% return over the last 3 years. This is an improvement over the last 12 months
Renters in Suburb are facing rents around $24440 per annum or $470 every week.
Property value increases in Wentworthville have tracked just lower than the NSW average of 2.36% over the last 12 months.
Taking the average capital gain, or increase in median house value, Wentworthville,2145 has racked up an average of -2.55% over the period. This ranks it number 1089th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Wentworthville 2145 should be seeing an average reduction in asking price of around -4.10% . This means that Wentworthville is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Wentworthville the average time real estate has been on the market is 76.8947 days.
With the median price for a house in Wentworthville being $572995 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.99%
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Apartments populate amenities hub
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.