Investment property in South Penrith has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.94%
South Penrith,2750 was ranked 1129 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in South Penrith should be aiming for at least -4.46% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in South Penrith being $670000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.41%
Giving property investors a a stable capital gain of 7.50% for the last year, South Penrith, 2750 is the 570th highest performer in Australia in this respect.
South Penrith,2750 was ranked 1000 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in South Penrith are currently offering property investors an average price cut of -3.18% below the asking price at the moment.