Property investors have seen a -1.1% drop in PENNANT HILLS based on a decrease 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 15.35% 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 $650 based on current median home prices for the suburb.
The gross rental yield in PENNANT HILLS, 2120 is 2.15%.
An average of 6 real estate transactions take place per month in PENNANT HILLS which translates to 72 per annum.
Property investments in PENNANT HILLS did not fare well against the rest of the country last year, registering a median home price decrease of -11.22%.
Figures from the previous quarter show that capital gains for real estate buyers in PENNANT HILLS are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $475 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In PENNANT HILLS, homes and units usually stay on listing for an average of 84.9 days.
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 $652,500
Investors saw the median home price rise to $652,500.
PENNANT HILLS ranks 352nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.79% return.
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