Property value increases in Penguin have tracked just lower than the TAS average of 3.72% over the last 12 months.
A 6.92% growth in median value for property investors in Penguin,7316 puts this suburb at number 112th in terms of best performing suburbs in TAS
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.15% offered to property buyers. Sellers in Penguin itself are offering an average vendor discount of -7.23% to real estate investors.
Residents and property investors in Penguin have been waiting around 121.79 days to sell a property.
Penguin is 100th on a list of best yielding suburbs for rents in TAS with a 4.86% return
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 0.00%
If we look at median property appreciation over just the last three months, Penguin has given property investors a paper return of -0.86%. This puts Suburb as 31 on a list of fastest fasting appreciating suburbs in TAS