Investment property in Penrith has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.71%
Over the longer term, Penrith has seen property prices show investors a 71.83% return over the last 3 years. This is worse than over the last 12 months
Penrith2750 is located in NSW which offers an average discount of -5.49% to property investors. Penrith itself is showing figures that indicate -5.95% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 14.92 sales per month, which equates to 179 per year.
Penrith, 2750’s gross rental yield is 3.18%
Penrith has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.05% to date .
The five-year average increase in median property values for Penrith,2750 has given property investors a potential capital gain of 73.65% across each of those five years.
At number 239th of NSW’s most discounted properties, Penrith is in the middle of the state/territory when listing in order of most discounted to least.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 7.15%.