At number 2851th in the list of Australian suburbs ordered by increase in median house value over the last year, Penrith, 2750 is in the BOTTOM 30% with a property value increase of -2.27% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Penrith has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.19% to buyers in Penrith at the moment, which is less than average for the rest of NSW.
With the median price for a house in Penrith being $645000 and the advertised rent reaching $415 the gross rental yield for property investors calculates out to be 3.35%
NSW has seen average median house prices change by 0.87% which means that Penrith, 2750 has done well for property investors by showing a capital gain of -3.42% over the last year
Penrith,2750 has offered an average of -3.42% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.59% offered to property buyers. Sellers in Penrith itself are offering an average vendor discount of -4.52% to real estate investors.
Advertised rents are around the $390 mark per week – giving a return of 4.23% based on the median price in Suburb