Investment property in Penshurst has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.25%
While Penshurst,2222 ranked number 132th in NSW for increase in median house value (annualised) increase, it is ranked 353th over the last 5 years.
At number 228th of NSW’s most discounted properties, Penshurst is in the bottom 20% of the state/territory when listing in order of most discounted to least.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.42%, without taking into account capital value appreciation, which has been averaging out at 9.81%.
Property investors who have had real estate in Penshurst, 2222 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.55%
While Penshurst,2222 ranked number 271th in NSW for increase in median house value (annualised) increase, it is ranked 309th over the last 5 years.
Penshurst, 2222 is offering NSW ‘s 163th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.
Advertised rents are around the $440 mark per week – giving a return of 3.70% based on the median price in Suburb