At number 829th in the list of Australian suburbs ordered by increase in median house value over the last year, Wentworthville, 2145 is in the top 30% with a property value increase of 13.41% recorded in median house prices.
Wentworthville,2145 has offered an average of 13.41% return per annum in house price rises to property investors over the last three years.
Wentworthville, 2145 is offering NSW ‘s 225th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Renters in Suburb are facing rents around $23920 per annum or $460 every week.
Property investors who have had real estate in Wentworthville, 2145 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.52%
The five-year average increase in median property values for Wentworthville,2145 has given property investors a potential capital gain of -0.69% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wentworthville, 2145. Typically our figures indicate that -2.66% is being offered, which puts this NSW suburb at 749th most discounted overall in Australia.
Wentworthville, 2145’s gross rental yield is 4.04%
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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.