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Penrith in the Eyes of the Investor

Penrith in the Eyes of the Investor

Penrith in the Eyes of the Investor

(2 Minute Read)

Investing in Penrith Real Estate? Where to Start?

The expression; Sydney is 'booming' has become commonplace in headlines, and though seemingly overused, it is nonetheless prolific. As the CBD and surrounding suburbs grow, the everyday investor sets their sights on the periphery. Affordability encourages the alternative, and right under the average investor's nose sits Penrith.

Investors, Rentvestors and Buyers alike see the potential developing in Penrith Real Estate. A positive third quarter (Q3) 2021 compared to Q3 2020 has shown the median house price grow by 19.8% to $840,000, units following suit with an inviting 8.7% to $542,500. Similarly, sales comparatively increased by 5% for houses at a Q3 total of (714) and a 23.8% increase for units at (385).

Alongside capital growth, rental security and high demand encourage confidence amongst investors interested in Penrith Real Estate. All-time low vacancy rates of 0.6% and a rental yield of 3% are highlighted in the foreground of the developing community. Investors need only know where to start, becoming part of the culturally rich and evergrowing Penrith Real Estate.

How do you Invest in Penrith Real Estate?

With your sights set on Penrith, what options are there to invest?

Existing homes are always a great starting point. The beauty of an existing home is the freedom and immediacy of the property. Keys are ready, and renovations await your creative flair.

But, an existing property can carry a significant upfront cost - deposit and stamp duty - and can require additional maintenance with size and age; with this in mind, options remain for an investor eager to be a part of Penrith Real Estate.

Off-the-Plan Property Development is an ever prevalent option, with increasing demand, more so now than ever. PRD Penrith specialises in off-the-plan and new apartment/townhouse sales in Penrith. Our expertise derives from 45+ years of project development experience. Our PRD Penrith Projects Division is a clear leader in the developments field, with a proven track record in selling and marketing effective apartment and townhouse projects in the Penrith LGA.

PRD's Current Projects are perfect for investors looking to get their foot in the Penrith Real Estate door. East Side Quarter Penrith's apartments have entered their third stage - Eden (Now sold out), with stage 4 of the 5 Stage development around the corner.

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In addition, development is underway forGlenmore Village in Glenmore Park.

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Both Developments are perfect for all manner of buyers.

As an investor, project development comes with numerous advantages. Time to plan and save through the building process alongside a lower upfront deposit enable an investor to be involved in the design process.

A common misconception is that off-the-plan means a lack of creative freedom. On the contrary, the design process for off-the-plan still gives a choice and engages the investor in making the property their own.

Project development comes with opportunities for investors looking for differing lifestyles. A rentvesting lifestyle in Penrith is well suited to the development scene as the build time allows for a renters lifestyle to continue whilst construction persists.

Similarly, those looking to extend their portfolio or enter the property market will also benefit from development in Penrith; as opportunities increase and communities grow, the demand for quality property will rise.

Those looking to enter the market should also remember that there are government schemes in place to make buying your first property all the more satisfying. Talk to our team to take full advantage of the benefits offered.

Naturally, once you have both feet firmly over the first home threshold, investors should consider the need for property management.

PRD Penrith's Property Management Team have over 100 years of combined experience and understand both the landlord and the tenant's needs.

PRD Penrith's Property Management Team will ensure all tasks supplied on our Landlord's Checklist are performed professionally and efficiently by identifying a quality tenant that will retain value in your home, guaranteeing high-quality communication and proficient service.

Penrith's development will only continue, and in the eye of the investor, quality property built in a cultural hub is not something to be missed. Purchase Penrith Real Estate with PRD Penrith, Buy Smarter.

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