Wentworthville has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.00% to date .
Over the longer term, Wentworthville has seen property prices show investors a 7.32% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Wentworthville are currently offering property investors an average price cut of -8.55% below the asking price at the moment.
At number 1063th in the list of Australian suburbs ordered by increase in median house value over the last year, Wentworthville, 2145 is in the BOTTOM 40% with a property value increase of -0.82% recorded in median house prices.
The five-year average increase in median property values for Wentworthville,2145 has given property investors a potential capital gain of 64.40% across each of those five years.
Property buyers and investors in Wentworthville 2145 should be seeing an average reduction in asking price of around -4.21% . This means that Wentworthville is holding prices well when compared to other suburbs in NSW.
At number 589 in a list of fastest selling suburbs, Wentworthville is in the TOP 40% of suburbs in Australia with an average of days on market 65.32 for properties listed there.
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
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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