If you compare the increase in value of investment property in Penrith, 2750 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.26%.
While Penrith,2750 ranked number 449th in NSW for increase in median house value (annualised) increase, it is ranked 889th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.31% offered to property buyers. Sellers in Penrith itself are offering an average vendor discount of -3.95% to real estate investors.
On average over the past year, suburb has had 9.75 sales per month, which equates to 117 per year.
With a capital gain of 4.81% for the last 12 months, Penrith, 2750 has performed for property investments than its average annual 7.26% property growth over the last 5 years.
Comparing Penrith,2750 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Penrith is offering property investors an average of -3.95. This rate of discount on properties puts Suburb at number 192th in terms of most discounted suburbs in NSW