Penshurst has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.46% to date .
Penshurst,2222 has offered an average of -3.46% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Penshurst is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 24th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Penshurst the average time real estate has been on the market is 62.4 days.
A $567.5 per week rent on the median house gives suburb investors a gross yield of circa 2.46%, without taking into account capital value appreciation, which has been averaging out at 8.28%.
Property investors who have had real estate in Penshurst, 2222 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.81%
Over the longer term, Penshurst has seen property prices show investors a 28.84% return over the last 3 years. This is worse than over the last 12 months
Penshurst, 2222 is offering NSW ‘s 66th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
Property investors should expect to get $420 weekly from the median priced house in this suburb.