NSW has seen average median house prices change by 5.53% which means that Wentworthville, 2145 has done well for property investors by showing a capital gain of 2.93% over the last year
Across a shorter period, Wentworthville, 2145 has seen a median price increase of -1.86% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Wentworthville is offering property investors an average of -5.88. This rate of discount on properties puts Suburb at number 226th in terms of most discounted suburbs in NSW
In the last year 79 properties changed hands in Wentworthville, which puts it as the 358th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Wentworthville being $1055000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 2.42%
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 0.17%
Over the longer term, Wentworthville has seen property prices show investors a 8.80% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Wentworthville is $606000, with sellers offering an average of -4.32% off the asking price.
Advertised rents are around the $452.5 mark per week – giving a return of 3.88% based on the median price in Suburb
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