Investment property in Penguin has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.75%
The five-year average increase in median property values for Penguin,7316 has given property investors a potential capital gain of 5.66% across each of those five years.
Property buyers and investors in Penguin 7316 should be seeing an average reduction in asking price of around -7.19% . This means that Penguin is holding prices well when compared to other suburbs in TAS.
In the last year 82 properties changed hands in Penguin, which puts it as the 21th most active market in TAS when comparing the number of sales per suburb.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 4.83%, without taking into account capital value appreciation, which has been averaging out at 2.66%.