Pendle Hill has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.58% to date .
While Pendle Hill,2145 ranked number 127th in NSW for increase in median house value (annualised) increase, it is ranked 134th over the last 5 years.
Pendle Hill2145 is located in NSW which offers an average discount of -5.49% to property investors. Pendle Hill itself is showing figures that indicate -6.71% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Advertised rents are around the $470 mark per week – giving a return of 2.85% based on the median price in Suburb
NSW has seen average median house prices change by 5.41% which means that Pendle Hill, 2145 has done well for property investors by showing a capital gain of -2.24% over the last year
Pendle Hill,2145 has offered an average of -2.24% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Pendle Hill are currently offering property investors an average price cut of -4.65% below the asking price at the moment.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.56%, without taking into account capital value appreciation, which has been averaging out at 6.65%.