Penshurst is in the bottom 20% in NSW when comparing median price capital growth over the last year. Penshurst gave property investors a dismal capital gain figure when compared to the rest of the state, with -12.92%.
Across a shorter period, Penshurst, 2222 has seen a median price increase of 0.09% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Penshurst itself are offering an average vendor discount of -10.13% to real estate investors.
Residents and property investors in Penshurst have been waiting around 76.2222 days to sell a property.
Property value increases in Penshurst have tracked just higher than the NSW average of -4.02% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Penshurst has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Penshurst should be aiming for at least -7.12% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $450 weekly from the median priced house in this suburb.