NSW has seen average median house prices change by 6.87% which means that Penrith, 2750 has done well for property investors by showing a capital gain of 1.56% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Penrith comes in at number 62th in NSW.
Vendor discounting in Penrith is giving property investors an average Vendor Discount of around -6.27%. This puts suburb at number 369th in NSW when ranking the most discounted suburbs.
Residents and property investors in Penrith have been waiting around 49.42 days to sell a property.
With the median price for a house in Penrith being $650000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.28%
Over the last year, property investments in Penrith, 2750 have given investors a capital gain of 7.59%. This compares favourably with the 5.41% for NSW as a whole.
Comparing Penrith,2750 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Penrith itself are offering an average vendor discount of -4.34% to real estate investors.
At number 129 in a list of fastest selling suburbs, Penrith is in the TOP 10% of suburbs in Australia with an average of days on market 43.12 for properties listed there.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.