Property value increases in Penrith have tracked just lower than the NSW average of 7.15% over the last 12 months.
Across a shorter period, Penrith, 2750 has seen a median price increase of -1.85% over the last quarter.
Property investors looking for a bargain in Penrith should be aiming for at least -5.53% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 48.23km from the CBD, Penrith is one of Penrith localities in the postcode 2750.
Penrith is an average performer in NSW when comparing median price capital growth over the last year. Penrith gave property investors a average capital gain figure when compared to the rest of the state, with 8.16%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Penrith has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.34% to buyers in Penrith at the moment, which is less than average for the rest of NSW.
In the last year 192 properties changed hands in Penrith, which puts it as the 55th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.