With a capital gain of 16.75% for the last 12 months, South Penrith, 2750 has performed for property investments than its average annual 6.86% property growth over the last 5 years.
While South Penrith,2750 ranked number 666th in NSW for increase in median house value (annualised) increase, it is ranked 262th over the last 5 years.
Sellers are offering property buyers an average discount of -4.13% to buyers in South Penrith at the moment, which is less than average for the rest of NSW.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 6.86%.
South Penrith, 2750 ranked 222th in NSW when comparing growth in median property values or capital gain over the last 12 months. South Penrith is one of 3162 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, South Penrith comes in at number 88th in NSW.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.53%, investors should hope to achieve an overall return of 4.27%