Hot Property: The biggest stories this week
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Property investors enjoyed capital gains of 2.76% 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.
This number can mean, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
On average, rents on listings have reached the $395 mark, reflecting a 3.15% increase in returns based on the current median price in PENRITH.
PENRITH, 2750 ranks 766th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 700th on the list of best yielding suburbs for rental properties in NSW, posting a 3.15% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $652,500 | $480,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.16% | 0% |
| Median 12 month | 2.76% | 1.05% |
| Median 3 years | -11.69% | -5.51% |
| Median 5 years | 17.57% | 17.58% |
| 10 years average annual | 7.64% | 7.46% |
| Weekly media advert. rent | $395 | $390 |
| Time on Market | 57.4 days | 85.2 days |
| Gross Rental Yield Percent | 3.15% | 4.23% |
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