Wentworthville, 2145 ranked 1304th in NSW when comparing growth in median property values or capital gain over the last 12 months. Wentworthville is one of 3163 in our list for NSW
Wentworthville,2145 was ranked 3492 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Wentworthville should be aiming for at least -8.80% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Wentworthville the average time real estate has been on the market is 43.23 days.
Situated 22.91km from the CBD, Wentworthville is one of Cumberland (A) localities in the postcode 2145.
At number 918th in the list of Australian suburbs ordered by increase in median house value over the last year, Wentworthville, 2145 is in the BOTTOM 50% with a property value increase of -0.99% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Wentworthville comes in at number 458th in NSW.
Wentworthville2145 is located in NSW which offers an average discount of -6.06% to property investors. Wentworthville itself is showing figures that indicate -4.64% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Wentworthville being $600000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.90%
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