NSW has seen average median house prices change by 9.05% which means that West Pennant Hills, 2125 has done well for property investors by showing a capital gain of 3.23% over the last year
Taking the average capital gain, or increase in median house value, West Pennant Hills,2125 has racked up an average of 3.23% over the period. This ranks it number 362th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.09% to buyers in West Pennant Hills at the moment, which is less than average for the rest of NSW.
At number 1069 in a list of fastest selling suburbs, West Pennant Hills is in the TOP 30% of suburbs in Australia with an average of days on market 61.37 for properties listed there.
With the median price for a house in West Pennant Hills being $1600000 and the advertised rent reaching $755 the gross rental yield for property investors calculates out to be 2.45%
If you compare the increase in value of investment property in West Pennant Hills, 2125 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 10.40%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Pennant Hills has increased when compared to the 5 year average annual rate.