Investment property in Pennington 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 1.91%
Pennington,5013 has offered an average of 1.91% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Pennington is giving property investors an average Vendor Discount of around -7.15%. This puts suburb at number 97th in SA when ranking the most discounted suburbs.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.55%, without taking into account capital value appreciation, which has been averaging out at 3.30%.
A 25.40% growth in median value for property investors in Pennington,5013 puts this suburb at number 171th in terms of best performing suburbs in SA
Vendor discounting in Pennington is giving property investors an average Vendor Discount of around -10.46%. This puts suburb at number 4th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Pennington the average time real estate has been on the market is 112.2 days.