With a capital gain of -12.09% for the last 12 months, Wentworthville, 2145 has performed for property investments than its average annual 9.20% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Wentworthville has given property investors a paper return of -5.20%. This puts Suburb as 1384 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -9.52% to buyers in Wentworthville at the moment, which is less than average for the rest of NSW.
The NSW suburb of Wentworthville, 2145 is in the Cumberland (A) local government area.
Over the last year, property investments in Wentworthville, 2145 have given investors a capital gain of -0.83%. This compares averagely with the 1.12% for NSW as a whole.
A 57.27% growth in median value for property investors in Wentworthville,2145 puts this suburb at number 225th in terms of best performing suburbs in NSW
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.90% offered to property buyers. Sellers in Wentworthville itself are offering an average vendor discount of -4.66% to real estate investors.
In the last year 225 properties changed hands in Wentworthville, which puts it as the 37th most active market in NSW when comparing the number of sales per suburb.
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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.
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