Giving property investors a an average capital gain of 5.00% for the last year, Penrith, 2750 is the 2000th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Penrith comes in at number 61th in NSW.
At number 389th of NSW’s most discounted properties, Penrith is in the bottom 40% of the state/territory when listing in order of most discounted to least.
At number 570 in a list of fastest selling suburbs, Penrith is in the TOP 20% of suburbs in Australia with an average of days on market 51.3 for properties listed there.
Property investors should expect to get $410 weekly from the median priced house in this suburb.
Property value increases in Penrith have tracked just higher than the NSW average of 5.88% over the last 12 months.
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.
The most recent median price for Penrith is $457500, with sellers offering an average of -3.82% off the asking price.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.46%, investors should hope to achieve an overall return of 3.98%