Property investors enjoyed capital gains of 14.43% over the last 12 months in SOUTH 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 SOUTH PENRITH are low, as opposed to average gains per annum over the past five years.
The suburb posted a 26.86% 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 $635 based on current median home prices for the suburb.
On average, rents on listings have reached the $635 mark, reflecting a 2.97% increase in returns based on the current median price in SOUTH PENRITH.
SOUTH PENRITH, 2750 ranks 187th 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 2.97% return.
Property investors have seen a 7.27% gain in SOUTH PENRITH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SOUTH PENRITH, 2750 saw average growth in the long term.
SOUTH PENRITH, 2750 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $804,500.
Profits due to an upward trend in home prices in SOUTH PENRITH, 2750 averaged 5.53% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $535 based on current median home prices for the suburb.
The gross rental yield in SOUTH PENRITH, 2750 is 3.46%.
An average of 1.5 real estate transactions take place per month in SOUTH PENRITH which translates to 18 per annum.