Suburb Profile Report for Wentworthville NSW (2145)

Wentworthville House: Median price $990,000, Annual capital growth 9.12%, Number of sales 71, Weekly median advertised rent $490

Wentworthville Unit: Median price $605,000, Annual capital growth 8.41%, Number of sales 293, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Wentworthville has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.00% to date .

Over the longer term, Wentworthville has seen property prices show investors a 7.32% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Wentworthville are currently offering property investors an average price cut of -8.55% below the asking price at the moment.

At number 1063th in the list of Australian suburbs ordered by increase in median house value over the last year, Wentworthville, 2145 is in the BOTTOM 40% with a property value increase of -0.82% recorded in median house prices.

The five-year average increase in median property values for Wentworthville,2145 has given property investors a potential capital gain of 64.40% across each of those five years.

Property buyers and investors in Wentworthville 2145 should be seeing an average reduction in asking price of around -4.21% . This means that Wentworthville is holding prices well when compared to other suburbs in NSW.

At number 589 in a list of fastest selling suburbs, Wentworthville is in the TOP 40% of suburbs in Australia with an average of days on market 65.32 for properties listed there.

Information supplied by:


September 2017

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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

Apartments populate amenities hub

Postcode: 2145

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
Metrics i HOUSE UNIT
$990,000 $605,000
-6.16% -0.17%
-10.00% -0.82%
9.12% 8.41%
$490 $460
71 293
2.57% 3.95%
92.84 65.32

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 10588
Median household income ($/weekly) 1314
Median age of persons 34
Median housing loan repayment ($/monthly) 2037
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1268 12.0
    25-34 years 2001 18.9
    35-44 years 1604 15.1
    45-54 years 1393 13.2
    55-64 years 966 9.1
    Others 3356 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 4310 54.0
    Not Married 3370 42.2
    Defacto Relationship 304 3.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4419 44.4
    Croatia 478 4.8
    Indonesia 1843 18.5
    Sri Lanka 744 7.5
    Other 752 7.6
    Others 1714 17.2
    Country of Birth
    Census Count Percent(%)
    Christianity 4940 50.2
    Hinduism 2504 25.5
    Islam 580 5.9
    Other Religious Groups 400 4.1
    No Religion 1073 10.9
    Others 335 3.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 276 8.4
    $600-$799 277 8.4
    $1,000-$1,249 301 9.1
    $1,500-$1,999 472 14.3
    $2,000-$2,499 331 10.1
    Others 1635 49.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3376 42.0
    Not in the labour force 2833 35.2
    Employed, worked part-time 1195 14.9
    Unemployed, looking for work 394 4.9
    Employed, away from work 241 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1255 26.1
    Technicians & trades workers 544 11.3
    Community & personal service workers 433 9.0
    Clerical & administrative workers 860 17.9
    Labourers 449 9.3
    Others 1273 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 158 6.2
    Infants/Primary 810 31.7
    Secondary 648 25.4
    Technical or Further Educational Institution 258 10.1
    University or other Tertiary Institutions 540 21.1
    Others 140 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6083 60.2
    Semi-detached, row or terrace house, townhouse 2102 20.8
    Flat, unit or apartment 1922 19.0
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1428 40.4
    Being purchased 1149 32.5
    Fully owned 936 26.5
    Other tenure type 23 0.7
    Tenure Type
Census 2011, ABS
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