Property investors who have had real estate in Westmead, 2145 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -12.76%
If we look at median property appreciation over just the last three months, Westmead has given property investors a paper return of -10.64%. This puts Suburb as 1314 on a list of fastest fasting appreciating suburbs in NSW
Westmead is 1130th on a list of best yielding suburbs for rents in NSW with a 2.08% return
Property value increases in Westmead have tracked close to the NSW average of 2.79% over the last 12 months.
Over the longer term, Westmead has seen property prices show investors a 13.95% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Westmead are currently offering property investors an average price cut of -4.53% below the asking price at the moment.
Advertised rents are around the $470 mark per week – giving a return of 4.16% based on the median price in Suburb