Penrith is an average performer in NSW when comparing median price capital growth over the last year. Penrith gave property investors a good capital gain figure when compared to the rest of the state, with 13.39%.
When looking at the potential capital gains offered to property investors over the last 3 years, Penrith comes in at number 73th in NSW.
Vendor discounting in Penrith is giving property investors an average Vendor Discount of around -4.96%. This puts suburb at number 533th in NSW when ranking the most discounted suburbs.
With the median price for a house in Penrith being $720000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.03%
Penrith has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.05% to date .
While Penrith,2750 ranked number 488th in NSW for increase in median house value (annualised) increase, it is ranked 97th over the last 5 years.
Penrith2750 is located in NSW which offers an average discount of -4.13% to property investors. Penrith itself is showing figures that indicate -4.36% is the average achievable by property buyers investing in the suburb.
In the last year 256 properties changed hands in Penrith, which puts it as the 39th most active market in NSW when comparing the number of sales per suburb.