Property investors who have had real estate in Penrith, 2750 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.72%
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 -5.54% to buyers in Penrith at the moment, which is less than average for the rest of NSW.
Residents and property investors in Penrith have been waiting around 40.66 days to sell a property.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
At number 663th in the list of Australian suburbs ordered by increase in median house value over the last year, Penrith, 2750 is in the top 40% with a property value increase of 6.40% recorded in median house prices.
A 59.62% growth in median value for property investors in Penrith,2750 puts this suburb at number 395th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Penrith is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 266th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.27%, investors should hope to achieve an overall return of 4.56%