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 10.33%.
Taking the average capital gain, or increase in median house value, Penrith,2750 has racked up an average of 10.33% over the period. This ranks it number 3366th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Penrith is offering property investors an average of -4.79. This rate of discount on properties puts Suburb at number 286th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.
Penrith is 763th on a list of best yielding suburbs for rents in NSW with a 3.03% return
Investment property in Penrith has done pretty 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 1.47%
The five-year average increase in median property values for Penrith,2750 has given property investors a potential capital gain of -4.55% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Penrith, 2750. Typically our figures indicate that -3.63% is being offered, which puts this NSW suburb at 658th most discounted overall in Australia.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 7.26%.