Property investors who have had real estate in Penrith, 2750 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.71%
Across a shorter period, Penrith, 2750 has seen a median price increase of -3.10% over the last quarter.
Our latest figures would indicate that property sellers in Penrith are currently offering property investors an average price cut of -8.80% below the asking price at the moment.
Penrith has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.86% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Penrith comes in at number 463th in NSW.
Property investors looking for a bargain in Penrith should be aiming for at least -8.44% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 16.25 sales per month, which equates to 195 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.44%, without taking into account capital value appreciation, which has been averaging out at 8.24%.