Giving property investors a an unimpressive capital gain of -5.42% for the last year, Wentworthville, 2145 is the 2768th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Wentworthville,2145 has racked up an average of -5.42% over the period. This ranks it number 2507th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Wentworthville itself are offering an average vendor discount of -7.52% to real estate investors.
At number 1479 in a list of fastest selling suburbs, Wentworthville is just in the top half of suburbs in Australia with an average of days on market 73.1111 for properties listed there.
With the median price for a house in Wentworthville being $908000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 2.75%
At number 935th 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 -4.17% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Wentworthville,2145 has racked up an average of -4.17% over the period. This ranks it number 990th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Wentworthville is $575000, with sellers offering an average of -6.65% off the asking price.
Often selling an investment property can take time, and in Wentworthville the average time real estate has been on the market is 105.698 days.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.07%, without taking into account capital value appreciation, which has been averaging out at 7.44%.
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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.