At number 3640th in the list of Australian suburbs ordered by increase in median house value over the last year, Wentworthville, 2145 is in the BOTTOM 20% with a property value increase of -12.52% recorded in median house prices.
A 38.62% growth in median value for property investors in Wentworthville,2145 puts this suburb at number 856th in terms of best performing suburbs in NSW
Wentworthville2145 is located in NSW which offers an average discount of -7.22% to property investors. Wentworthville itself is showing figures that indicate -11.37% is the average achievable by property buyers investing in the suburb.
In the last year 74 properties changed hands in Wentworthville, which puts it as the 312th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Wentworthville, 2145 is in the Cumberland (A) local government area.
Wentworthville has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.25% to date .
Wentworthville,2145 was ranked 758 in Australia by increase in median property value over the quarter.
Wentworthville, 2145 is offering NSW ‘s 178th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
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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.