Over the last year, property investments in Penrith, 2750 have given investors a capital gain of -9.79%. This compares badly with the -2.96% for NSW as a whole.
Penrith,2750 has offered an average of -9.79% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Penrith is offering property investors an average of -7.22. This rate of discount on properties puts Suburb at number 162th in terms of most discounted suburbs in NSW
Penrith, 2750’s gross rental yield is 3.39%
Property value increases in Penrith have tracked just lower than the NSW average of -3.67% over the last 12 months.
Penrith,2750 has offered an average of -6.90% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Penrith should be aiming for at least -7.62% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Penrith have been waiting around 88.9626 days to sell a property.
Advertised rents are around the $400 mark per week – giving a return of 4.26% based on the median price in Suburb