Wentworth Point is a settled mid-to-large suburb in New South Wales within the Parramatta local government area (postcode 2127). With a population of 12,703, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $106K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, English, Korean.
Units have a median price of $793,000 (+5.7% YoY). The current median weekly rent is $830. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $2,251.
Wentworth Point is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.4% (high yield). Property prices sit below the state median ($793K/$1.5M), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +5.7% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.