Wentworthville is in the bottom 30% in NSW when comparing median price capital growth over the last year. Wentworthville gave property investors a disappointing capital gain figure when compared to the rest of the state, with -9.89%.
A 29.76% growth in median value for property investors in Wentworthville,2145 puts this suburb at number 779th in terms of best performing suburbs in NSW
The most recent median price for Wentworthville is $887586, with sellers offering an average of -8.67% off the asking price.
Residents and property investors in Wentworthville have been waiting around 65.6207 days to sell a property.
Property investors who have had real estate in Wentworthville, 2145 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.75%
The five-year average increase in median property values for Wentworthville,2145 has given property investors a potential capital gain of 35.25% across each of those five years.
Property investors looking for a bargain in Wentworthville should be aiming for at least -7.81% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Wentworthville, 2145 is in the Cumberland (A) local government area.
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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.