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Pennant HillsPennant Hills - SUBURB PROFILE REPORT
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Property investors have seen a 6.39% gain in PENNANT HILLS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PENNANT HILLS, 2120 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 29.39%.
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 $1,915,000
Profits averaged 12.59% 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 $695 based on current median home prices for the suburb.
The gross rental yield in PENNANT HILLS, 2120 is 1.89%.
An average of 7.33 real estate transactions take place per month in PENNANT HILLS which translates to 88 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,915,000 | $605,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.39% | 2.11% |
| Median 12 month | 29.39% | -1.63% |
| Median 3 years | 37.77% | -32.21% |
| Median 5 years | 34.76% | -24.52% |
| 10 years average annual | 9.6% | 6.03% |
| Weekly media advert. rent | $695 | $400 |
| Time on Market | 49.0 days | 41.0 days |
| Gross Rental Yield Percent | 1.89% | 3.44% |
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