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 -24.83%.
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.
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
A $487.5 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 7.57%.
Property investors who have had real estate in Westmead, 2145 should be relatively 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 -7.69%
While Westmead,2145 ranked number 404th in NSW for increase in median house value (annualised) increase, it is ranked 371th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Westmead is offering property investors an average of -6.75. This rate of discount on properties puts Suburb at number 165th in terms of most discounted suburbs in NSW
Residents and property investors in Westmead have been waiting around 71.3488 days to sell a property.