Property investors who have had real estate in Penola, 5277 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -28.18%
While Penola,5277 ranked number 446th in SA for increase in median house value (annualised) increase, it is ranked 452th over the last 5 years.
Sellers are offering property buyers an average discount of -6.22% to buyers in Penola at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Penola the average time real estate has been on the market is 60.5 days.
With the median price for a house in Penola being $158000 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 7.41%