Property investors who have had real estate in Pennington, 5013 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.37%
Over the longer term, Pennington has seen property prices show investors a 11.24% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.41% offered to property buyers. Sellers in Pennington itself are offering an average vendor discount of -5.52% to real estate investors.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.