NSW has seen average median house prices change by 10.25% which means that Penrith, 2750 has done well for property investors by showing a capital gain of 3.65% over the last year
Over the longer term, Penrith has seen property prices show investors a 47.92% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Penrith are currently offering property investors an average price cut of -5.68% below the asking price at the moment.
Often selling an investment property can take time, and in Penrith the average time real estate has been on the market is 47.28 days.
With the median price for a house in Penrith being $710000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.08%
Penrith has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.19% to date .
Over the longer term, Penrith has seen property prices show investors a 24.53% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.80% to buyers in Penrith at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Penrith the average time real estate has been on the market is 41.59 days.
Situated 30.65km from the CBD, Penrith is one of Penrith localities in the postcode 2750.