With a capital gain of 14.29% for the last 12 months, Pennant Hills, 2120 has performed for property investments than its average annual 9.61% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Pennant Hills comes in at number 147th in NSW.
Sellers are offering property buyers an average discount of -1.57% to buyers in Pennant Hills at the moment, which is less than average for the rest of NSW.
Residents and property investors in Pennant Hills have been waiting around 50.13 days to sell a property.
Pennant Hills, 2120’s gross rental yield is 2.57%
If you compare the increase in value of investment property in Pennant Hills, 2120 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.61%.
While Pennant Hills,2120 ranked number 110th in NSW for increase in median house value (annualised) increase, it is ranked 56th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Pennant Hills is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 63th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Pennant Hills the average time real estate has been on the market is 52.32 days.
Advertised rents are around the $490 mark per week – giving a return of 3.51% based on the median price in Suburb