Suburb Profile Report for Wentworthville NSW (2145)

Wentworthville House: Median price $1,055,000, Annual capital growth 9.64%, Number of sales 79, Weekly median advertised rent $490

Wentworthville Unit: Median price $606,000, Annual capital growth 8.50%, Number of sales 313, Weekly median advertised rent $453

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

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  • Unit Report
  • Expert Report

NSW has seen average median house prices change by 5.53% which means that Wentworthville, 2145 has done well for property investors by showing a capital gain of 2.93% over the last year

Across a shorter period, Wentworthville, 2145 has seen a median price increase of -1.86% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Wentworthville is offering property investors an average of -5.88. This rate of discount on properties puts Suburb at number 226th in terms of most discounted suburbs in NSW

In the last year 79 properties changed hands in Wentworthville, which puts it as the 358th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Wentworthville being $1055000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 2.42%

Investment property in Wentworthville has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.17%

Over the longer term, Wentworthville has seen property prices show investors a 8.80% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Wentworthville is $606000, with sellers offering an average of -4.32% off the asking price.

Advertised rents are around the $452.5 mark per week – giving a return of 3.88% based on the median price in Suburb

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
$1,055,000 $606,000
-1.86% -1.46%
2.93% 0.17%
9.64% 8.50%
$490 $453
79 313
2.42% 3.88%
73.15 69.4

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in Wentworthville NSW
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
Chart Table
Recent sales & rentals