If you compare the increase in value of investment property in Wentworthville, 2145 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.68%.
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.
Our latest figures would indicate that property sellers in Wentworthville are currently offering property investors an average price cut of -4.94% below the asking price at the moment.
A $488 per week rent on the median house gives suburb investors a gross yield of circa 2.83%, without taking into account capital value appreciation, which has been averaging out at 7.32%.
Property investors who have had real estate in Wentworthville, 2145 should be relatively unhappy 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 -5.83%
Wentworthville,2145 has offered an average of -5.83% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Wentworthville 2145 should be seeing an average reduction in asking price of around -6.32% . This means that Wentworthville is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 11.92 sales per month, which equates to 143 per year.
Wentworthville is 229th on a list of best yielding suburbs for rents in NSW with a 4.23% return
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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.