If you compare the increase in value of investment property in Wentworthville, 2145 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 16.76%.
Wentworthville,2145 was ranked 1708 in Australia by increase in median property value over the quarter.
At number 136th of NSW’s most discounted properties, Wentworthville is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Wentworthville have been waiting around 79.6667 days to sell a property.
NSW has seen average median house prices change by 4.97% which means that Wentworthville, 2145 has done well for property investors by showing a capital gain of 0.35% over the last year
Wentworthville,2145 has offered an average of 0.35% return per annum in house price rises to property investors over the last three years.
The most recent median price for Wentworthville is $575000, with sellers offering an average of -3.46% off the asking price.
In the last year 213 properties changed hands in Wentworthville, which puts it as the 40th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
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Information supplied by:
September 2017
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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.