In Q3 2018, Penrith Local Government Area (LGA) recorded a median house price of $676,500 and a median unit price of $495,000, representing annual (Q3 2017-Q3 2018) price changes of -3.3% and -4.3% respectively. Compared to Penrith 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) median price change of -1.4% (house) and -2.3% (units), properties in Penrith LGA have become more affordable. This cooling of prices is in line with expectations in the wider Sydney market, and represents a return to more sustainable price levels.
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