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 5.50%
Over the longer term, Wentworthville has seen property prices show investors a 25.35% return over the last 3 years. This is worse than over the last 12 months
Wentworthville, 2145 is offering NSW ‘s 96th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
Wentworthville, 2145’s gross rental yield is 2.39%
NSW has seen average median house prices change by 4.56% which means that Wentworthville, 2145 has done well for property investors by showing a capital gain of 3.33% over the last year
While Wentworthville,2145 ranked number 171th in NSW for increase in median house value (annualised) increase, it is ranked 120th over the last 5 years.
The most recent median price for Wentworthville is $620000, with sellers offering an average of -4.03% off the asking price.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.77%, without taking into account capital value appreciation, which has been averaging out at 8.89%.
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