At number 997th in the list of Australian suburbs ordered by increase in median house value over the last year, Penrith, 2750 is in the top 30% with a property value increase of 20.00% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Penrith,2750 has racked up an average of 20.00% over the period. This ranks it number 2683th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.39% offered to property buyers. Sellers in Penrith itself are offering an average vendor discount of -3.62% to real estate investors.
On average over the past year, suburb has had 12.33 sales per month, which equates to 148 per year.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 9.27%, investors should hope to achieve an overall return of 2.87%
With a capital gain of 1.03% for the last 12 months, Penrith, 2750 has performed for property investments than its average annual 7.63% property growth over the last 5 years.
A -7.55% growth in median value for property investors in Penrith,2750 puts this suburb at number 379th in terms of best performing suburbs in NSW
Penrith2750 is located in NSW which offers an average discount of -4.22% to property investors. Penrith itself is showing figures that indicate -3.36% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Penrith the average time real estate has been on the market is 64.648 days.
Advertised rents are around the $390 mark per week – giving a return of 4.14% based on the median price in Suburb