If you compare the increase in value of investment property in Westmead, 2145 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -16.21%.
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.
In the last year 32 properties changed hands in Westmead, which puts it as the 964th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Westmead, 2145 is in the Parramatta (C) local government area.
Over the last year, property investments in Westmead, 2145 have given investors a capital gain of -2.56%. This compares averagely with the -1.55% for NSW as a whole.
Over the longer term, Westmead has seen property prices show investors a -0.87% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Westmead 2145 should be seeing an average reduction in asking price of around -6.79% . This means that Westmead is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 12.42 sales per month, which equates to 149 per year.
Westmead, 2145’s gross rental yield is 4.20%