Penrith

POSTAL CODE: NSW, 2750

HOUSE

UNIT

Property investors enjoyed capital gains of 14.98% 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 22.47% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

On average, rents on listings have reached the $600 mark, reflecting a 2.86% increase in returns based on the current median price in PENRITH.

PENRITH, 2750 ranks 171st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 692nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.86% return.

Property investors have seen a 2.48% 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 $600,000.

Profits due to an upward trend in home prices in PENRITH, 2750 averaged 2.38% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

The gross rental yield in PENRITH, 2750 is 4.94%.

An average of 41.58 real estate transactions take place per month in PENRITH which translates to 499 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,090,000	$600,000
Growth Report
Median Quarterly	5.06%	2.48%
Median 12 month	14.98%	4.35%
Median 3 years	22.47%	7.14%
Median 5 years	54.61%	23.71%
10 years average annual	5.83%	1.8%
Weekly media advert. rent	$600	$570
Time on Market	37.2 days	45.7 days
Gross Rental Yield Percent	2.86%	4.94%

Demographics (Median Values)*

Total Population 44806

Weekly Household Income 1446

Household Size 2.60

Average Age 37

Monthly Loan Repayment 1993

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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