Investment property in Westmead 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 5.19%
When looking at the potential capital gains offered to property investors over the last 3 years, Westmead comes in at number 177th in NSW.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 11.38%, investors should hope to achieve an overall return of 1.83%
Investment property in Westmead 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 2.66%
Westmead,2145 has offered an average of 2.66% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Westmead, 2145. Typically our figures indicate that -2.99% is being offered, which puts this NSW suburb at 1277th most discounted overall in Australia.
On average over the past year, suburb has had 15.50 sales per month, which equates to 186 per year.
With the median price for a house in Westmead being $578000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.23%