If you compare the increase in value of investment property in Wentworthville, 2145 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -12.80%.
Wentworthville,2145 has offered an average of -12.80% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -12.78% to buyers in Wentworthville at the moment, which is less than average for the rest of NSW.
Residents and property investors in Wentworthville have been waiting around 78.8788 days to sell a property.
Property investors should expect to get $492.5 weekly from the median priced house in this suburb.
Giving property investors a an average capital gain of -1.67% for the last year, Wentworthville, 2145 is the 803th highest performer in Australia in this respect.
Over the longer term, Wentworthville has seen property prices show investors a -0.51% return over the last 3 years. This is worse than over the last 12 months
At number 238th of NSW’s most discounted properties, Wentworthville is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Wentworthville have been waiting around 60.9846 days to sell a property.
Advertised rents are around the $450 mark per week – giving a return of 3.97% 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.