NSW has seen average median house prices change by 9.74% which means that Pennant Hills, 2120 has done well for property investors by showing a capital gain of 10.53% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Pennant Hills comes in at number 133th in NSW.
The most recent median price for Pennant Hills is $1470000, with sellers offering an average of -5.31% off the asking price.
Often selling an investment property can take time, and in Pennant Hills the average time real estate has been on the market is 98.05 days.
With the median price for a house in Pennant Hills being $1470000 and the advertised rent reaching $730 the gross rental yield for property investors calculates out to be 2.58%
Property value increases in Pennant Hills have tracked just lower than the NSW average of 6.96% over the last 12 months.
Taking the average capital gain, or increase in median house value, Pennant Hills,2120 has racked up an average of 2.78% over the period. This ranks it number 63th in the whole country for real estate investors looking at median house price increases.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.23% offered to property buyers. Sellers in Pennant Hills itself are offering an average vendor discount of -6.53% to real estate investors.