NSW has seen average median house prices change by 6.02% which means that Wentworthville, 2145 has done well for property investors by showing a capital gain of 12.76% over the last year
Across a shorter period, Wentworthville, 2145 has seen a median price increase of 2.81% over the last quarter.
Wentworthville, 2145 is offering NSW ‘s 319th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 2.48%, without taking into account capital value appreciation, which has been averaging out at 7.28%.
With a capital gain of -0.86% for the last 12 months, Wentworthville, 2145 has performed for property investments than its average annual 6.09% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wentworthville has increased when compared to the 5 year average annual rate.
Wentworthville, 2145 is offering NSW ‘s 203th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
On average over the past year, suburb has had 18.00 sales per month, which equates to 216 per year.
Advertised rents are around the $440 mark per week – giving a return of 3.98% based on the median price in Suburb
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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.