Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
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 5.52% growth over a ten-year period. It ranks 1244th on our list of suburbs that property investors should look into.
PENSHURST, 2222 in NSW belongs to the local government area of Georges River (A).
PENSHURST, 2222 has a capital gain of 7.24% for the past year, which is higher than average compared to its -4.76% growth within a five-year period.
With the median home price in PENSHURST sitting at $1,200,000, and the average rent at $560, property owners could potentially earn a 2.43% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PENSHURST are high, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,200,000 | $572,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.35% | -1.29% |
| Median 12 month | 7.24% | -5.76% |
| Median 3 years | -9.43% | -9.13% |
| Median 5 years | -4.76% | -2.14% |
| 10 years average annual | 5.52% | 4.86% |
| Weekly media advert. rent | $560 | $400 |
| Time on Market | 64.9 days | 45.5 days |
| Gross Rental Yield Percent | 2.43% | 3.63% |
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