WENTWORTH POINT 2023 End of Year Property Report
As we welcome 2024, it’s timely to reflect on the achievements and milestones reached throughout 2023, specifically within the dynamic property market of Wentworth Point. With a total of 645 units sold, at an average sale price of $758,102, the area has demonstrated remarkable resilience and vibrancy in a year that presented both challenges and opportunities. Wentworth Point, known for its affordability within the Sydney market, continues to offer an enviable lifestyle without compromise. Our neighbourhood boasts a rich array of amenities, from the ever-improving shopping conveniences including our very own Coles supermarket, to health and fitness facilities available at Pulse Gym or Anytime Fitness in Marina Square. The scenic bushland walking and cycling tracks, extending to Rhodes along the Bennelong Bridge, not to mention the quick access to the M4 and the ferry to the city, further enrich our community’s living experience. The demand for apartments in Wentworth Point has been high, appealing to a wide range of demographics, including first home buyers and investors, thanks to the median price aligning with government stamp duty benefits. This demand spans a broad spectrum of sale prices, from the most accessible at $450k to the premium offerings well over $1,000,000. Despite the challenges brought on by interest rate hikes affecting the property market at large, Wentworth Point’s market has shown resilience. Additionally, the upcoming infrastructure developments, including Stage 2 of the NSW Government’s Parramatta Light Rail, promise to enhance our connectivity and support our community’s growth. As we look forward to the future, we remain committed to supporting our community and maximising the potential of our local property market. We look forward to working with you in 2024. Welcome to the Morton Wentworth Point 2023 Property Report. Dylan Choe Sales Executive 0416 932 977 dylan.choe@morton.com.au
Morton Wentworth Point Market Wrap up. 2023 Winner Principal Advance 2023 – Property Management Excellence Wentworth Point Market Summary Rental Yield (Unit) Notable sales since January 2023 C105/3 Avenue of Europe, Newington 208/1 Avenue of Europe, Newington CG01/3 Avenue of Europe, Newington 1/7 Mockridge Avenue, Newington 346/46 Baywater Drive, Wentworth Point 205/16 Hill Road, Wentworth Point 506/33 The Promenade, Wentworth Point 21/5 Woodlands Avenue, Breakfast Point 2 2 2 2 2 2 2 3 2 2 2 2 2 2 2 2 1 2 1 2 2 2 2 2 $880,000 $865,000 $845,000 $840,000 $960,000 $1,225,000 $1,240,000 $2,015,000 ADDRESS SALE PRICE The above data is accurate as of April 2023. Data is compiled through Morton and other third-party sources. 5.2% Units sold 592 $3,000,000 $735,000 Highest Sales Price (house) Median Sales Price (unit) Median Days on Market (unit) 37 DATE SOLD 18th July 11th August 29th August 14th July 26th May 3rd June 8th September 23rd January Finalist ARERA – Agency of the Year 2023 Finalist ARERA – Property Management Agency of the Year (over 1,000 managements) 134 Currently Listed for Sale (Unit)
Sold Properties. Wentworth Point 603/4 Footbridge Boulevard Sold for $570,000 on 4th April Wentworth Point 217/3 Stromboli Strait Sold for $765,000 on 26th May 1 1 1 Wentworth Point 205/4 The Piazza Sold for $1,005,000 on 14th June Wentworth Point 346/46 Baywater Drive Sold for $960,000 on 28th June Wentworth Point 214/3 Stromboli Strait Sold for $870,000 on 31st August 2 2 2 2 2 2 3 2 2 2 2 2
On the Market. Newington 25/17 Pearce Avenue Sold for $970,000 on 21st March Wentworth Point 147/27 Bennelong Parkway Sold for $852,500 on 11th December 3 2 2 Newington 16/1 Sandpiper Crescent For Sale Wentworth Point 407/41 Hill Road For Sale Sydney Olympic Park 1603/1 Australia Avenue For Sale 2 2 1 2 2 1 1 1 1 2 2 1
Listing Coming Soon. Wentworth Point 43/27 Bennelong Parkway Contact agent for more information Dylan Choe | 0416 932 977 | dylan.choe@morton.com.au 2 2 2
Listing Coming Soon. Wentworth Point 220/23 Hill Road Contact agent for more information Dylan Choe | 0416 932 977 | dylan.choe@morton.com.au 1 1 1
morton.com.au Dylan Choe Sales Executive 0416 932 977
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