Over the last year, property investments in South Penrith, 2750 have given investors a capital gain of 7.00%. This compares averagely with the 8.26% for NSW as a whole.
A 73.33% growth in median value for property investors in South Penrith,2750 puts this suburb at number 299th in terms of best performing suburbs in NSW
At number 779th of NSW’s most discounted properties, South Penrith is in the TOP 40% of the state/territory when listing in order of most discounted to least.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.52%, without taking into account capital value appreciation, which has been averaging out at 7.52%.
At number 413th in the list of Australian suburbs ordered by increase in median house value over the last year, South Penrith, 2750 is in the top 30% with a property value increase of 9.79% recorded in median house prices.
South Penrith,2750 was ranked 739 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that South Penrith is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 358th in terms of most discounted suburbs in NSW
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.91%, investors should hope to achieve an overall return of 4.03%