Based on its average 5-year and quarterly capital gains PENSHURST, 2222 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that PENSHURST, 2222 obtained a 8.63% growth over a ten-year period. It ranks 299th on our list of suburbs that property investors should look into.
PENSHURST, 2222 in NSW belongs to the local government area of Hurstville.
PENSHURST, 2222 has a capital gain of 5.27% for the past year, which is lower than average compared to its 72.76% growth within a five-year period.
With the median home price in PENSHURST sitting at $1,347,500, and the average rent at $650, property owners could potentially earn a 2.51% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PENSHURST are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in PENSHURST, 2222 translates to a 13.64% capital gain.
Property investors enjoyed capital gains of 5.04% over the last 12 months in PENSHURST, translating to lower returns compared with its peers in NSW.
PENSHURST, 2222 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 $625,000.
Profits due to an upward trend in home prices in PENSHURST, 2222 averaged 4.55% per annum over a 3-year period.
Home owners selling their properties and realtors in PENSHURST usually have to wait an average of 48.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.74% increase in returns based on the current median price in PENSHURST.
PENSHURST, 2222 places th in Australia based on median property value growth during the quarter.