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 -23.06%
The five-year average increase in median property values for Westmead,2145 has given property investors a potential capital gain of 22.61% across each of those five years.
With the median price for a house in Westmead being $962500 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 2.59%
With a capital gain of -6.05% for the last 12 months, Westmead, 2145 has performed for property investments than its average annual 5.59% property growth over the last 5 years.
Westmead,2145 has offered an average of -6.05% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Westmead is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 133th in terms of most discounted suburbs in NSW