Investment property in Penshurst has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.57%
The five-year average increase in median property values for Penshurst,2222 has given property investors a potential capital gain of 63.28% across each of those five years.
Our latest figures would indicate that property sellers in Penshurst are currently offering property investors an average price cut of -7.97% below the asking price at the moment.
Residents and property investors in Penshurst have been waiting around 66.78 days to sell a property.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.34%, without taking into account capital value appreciation, which has been averaging out at 8.32%.
At number 1165th in the list of Australian suburbs ordered by increase in median house value over the last year, Penshurst, 2222 is in the BOTTOM 40% with a property value increase of -0.85% recorded in median house prices.
Over the longer term, Penshurst has seen property prices show investors a 28.04% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.67% to buyers in Penshurst at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Penshurst the average time real estate has been on the market is 68.17 days.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.