Penrith has recorded a median house price of $690,000 and $507,500 for units in Q3 2017, representing an annual price growth of 6.6% and 8.0% respectively. Over the same period of time, house prices in Penrith LGA grew by 6.1%% to $695,000 and unit prices grew by 10.3% to $515,000. A slightly more affordable option is presented by the Penrith market, whilst still benefiting from significant capital growth. Active interest from young families and first home buyers has been attracted to Penrith by the greater affordability in comparison to Sydney.
Join Up or Sign In to access this article and many more.