Property investors enjoyed capital gains of 1.95% over the last 12 months in PENRITH, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in PENRITH are low, as opposed to average gains per annum over the past five years.
The suburb posted a 40.88% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
On average, rents on listings have reached the $420 mark, reflecting a 3.08% increase in returns based on the current median price in PENRITH.
PENRITH, 2750 ranks 910th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 608th on the list of best yielding suburbs for rental properties in NSW, posting a 3.08% return.
Property investors have seen a 1.59% gain in PENRITH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PENRITH, 2750 saw average growth in the long term.
PENRITH, 2750 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $480,000.
Profits due to an upward trend in home prices in PENRITH, 2750 averaged 8.77% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in PENRITH, 2750 is 4.12%.
An average of 21.17 real estate transactions take place per month in PENRITH which translates to 254 per annum.
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