With a capital gain of 1.81% for the last 12 months, Pennington, 5013 has performed for property investments than its average annual 3.60% property growth over the last 5 years.
Across a shorter period, Pennington, 5013 has seen a median price increase of -0.88% over the last quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Pennington itself are offering an average vendor discount of -5.85% to real estate investors.
At number 13th of SA’s most discounted properties, Pennington is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 11 properties changed hands in Pennington, which puts it as the 184th most active market in SA when comparing the number of sales per suburb.