Property investors have seen a 2.28% gain in PENNANT HILLS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PENNANT HILLS, 2120 saw average growth in the long term.
The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,570,000
Profits averaged 19.53% per annum over a 3-year period, due to an upward trend in home prices in PENNANT HILLS, 2120.
This means, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.
The gross rental yield in PENNANT HILLS, 2120 is 2.38%.
An average of 6.17 real estate transactions take place per month in PENNANT HILLS which translates to 74 per annum.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $1,570,000 | $660,000 |
GROWTH REPORT | ||
Median Quarterly | 2.28% | 2.33% |
Median 12 month | 9.71% | -22.58% |
Median 3 years | 58.58% | 25.48% |
Median 5 years | 105.23% | 63.98% |
10 years average annual | 9.66% | 7.47% |
Weekly media advert. rent | $720 | $480 |
Time on Market | 43.7 days | 57.1 days |
Gross Rental Yield Percent | 2.38% | 3.78% |
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