With a capital gain of 3.68% for the last 12 months, Penrith, 2750 has performed for property investments than its average annual 8.95% property growth over the last 5 years.
Penrith,2750 was ranked 3054 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Penrith is offering property investors an average of -5.32. This rate of discount on properties puts Suburb at number 530th in terms of most discounted suburbs in NSW
In the last year 141 properties changed hands in Penrith, which puts it as the 142th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 3.10% based on the median price in Suburb
Property value increases in Penrith have tracked just lower than the NSW average of 7.26% over the last 12 months.
While Penrith,2750 ranked number 383th in NSW for increase in median house value (annualised) increase, it is ranked 115th over the last 5 years.
Penrith, 2750 is offering NSW ‘s 187th 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.
Situated 34.47km from the CBD, Penrith is one of Penrith localities in the postcode 2750.