Wentworthville has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.66% to date .
Over the longer term, Wentworthville has seen property prices show investors a 9.66% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of 0.00% to buyers in Wentworthville at the moment, which is less than average for the rest of NSW.
Wentworthville is 1041th on a list of best yielding suburbs for rents in NSW with a 2.62% return
Wentworthville is in the bottom 20% in NSW when comparing median price capital growth over the last year. Wentworthville gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.00%.
Comparing Wentworthville,2145 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Wentworthville is offering property investors an average of -2.31. This rate of discount on properties puts Suburb at number 342th in terms of most discounted suburbs in NSW
Situated 22.81km from the CBD, Wentworthville is one of Cumberland (A) localities in the postcode 2145.
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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.