If you compare the increase in value of investment property in Wentworthville, 2145 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.26%.
Across a shorter period, Wentworthville, 2145 has seen a median price increase of 6.15% over the last quarter.
Property buyers and investors in Wentworthville 2145 should be seeing an average reduction in asking price of around -3.92% . This means that Wentworthville is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 7.41%.
Wentworthville is in the bottom 40% in NSW when comparing median price capital growth over the last year. Wentworthville gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.20%.
Wentworthville,2145 has offered an average of -4.20% return per annum in house price rises to property investors over the last three years.
The most recent median price for Wentworthville is $570000, with sellers offering an average of -5.58% off the asking price.
In the last year 192 properties changed hands in Wentworthville, which puts it as the 53th most active market in NSW when comparing the number of sales per 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.