Bargains set to hit the market in wake of royal commission
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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.
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 3.14% increase in returns based on the current median price in PENRITH.
PENRITH, 2750 ranks 1008th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 586th on the list of best yielding suburbs for rental properties in NSW, posting a 3.14% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $696,500 | $480,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.98% | -1.03% |
| Median 12 month | -4.91% | -7.69% |
| Median 3 years | 21.45% | 18.52% |
| Median 5 years | 90.82% | 67.25% |
| 10 years average annual | 8.5% | 7.94% |
| Weekly media advert. rent | $420 | $380 |
| Time on Market | 57.0 days | 54.2 days |
| Gross Rental Yield Percent | 3.14% | 4.12% |
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