Giving property investors a a poor capital gain of -15.20% for the last year, Wentworthville, 2145 is the 3768th highest performer in Australia in this respect.
Across a shorter period, Wentworthville, 2145 has seen a median price increase of -5.21% over the last quarter.
The most recent median price for Wentworthville is $865000, with sellers offering an average of -10.80% off the asking price.
At number 1711 in a list of fastest selling suburbs, Wentworthville is just in the top half of suburbs in Australia with an average of days on market 73.6786 for properties listed there.
With the median price for a house in Wentworthville being $865000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 2.95%
NSW has seen average median house prices change by -3.83% which means that Wentworthville, 2145 has not done well for property investors by showing a capital gain of -3.33% over the last year
Wentworthville,2145 was ranked 1090 in Australia by increase in median property value over the quarter.
Wentworthville2145 is located in NSW which offers an average discount of -6.91% to property investors. Wentworthville itself is showing figures that indicate -7.00% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 7.60%, investors should hope to achieve an overall return of 4.03%
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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.