Westmead has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.85% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westmead has increased when compared to the 5 year average annual rate.
Westmead, 2145’s gross rental yield is 1.82%
Property value increases in Westmead have tracked just lower than the NSW average of 8.39% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Westmead comes in at number 351th in NSW.
Property investors looking for a bargain in Westmead should be aiming for at least -2.57% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $460 mark per week – giving a return of 4.14% based on the median price in Suburb