Investment property in Penrith has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.25%
While Penrith,2750 ranked number 725th in NSW for increase in median house value (annualised) increase, it is ranked 576th over the last 5 years.
The most recent median price for Penrith is $640000, with sellers offering an average of -8.74% off the asking price.
Situated 48.35km from the CBD, Penrith is one of Penrith (C) localities in the postcode 2750.
Penrith has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -5.23% to date .
Across a shorter period, Penrith, 2750 has seen a median price increase of 2.56% over the last quarter.
Property buyers and investors in Penrith 2750 should be seeing an average reduction in asking price of around -6.10% . This means that Penrith is holding prices well when compared to other suburbs in NSW.
Penrith is 224th on a list of best yielding suburbs for rents in NSW with a 4.23% return