NSW has seen average median house prices change by 10.14% which means that South Penrith, 2750 has done well for property investors by showing a capital gain of 12.27% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Penrith has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in South Penrith itself are offering an average vendor discount of -4.27% to real estate investors.
With the median price for a house in South Penrith being $608500 and the advertised rent reaching $447.5 the gross rental yield for property investors calculates out to be 3.82%
At number 291th in the list of Australian suburbs ordered by increase in median house value over the last year, South Penrith, 2750 is in the top 20% with a property value increase of 13.61% recorded in median house prices.
Across a shorter period, South Penrith, 2750 has seen a median price increase of 2.13% over the last quarter.
With the median price for a house in South Penrith being $480000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.23%