Property prices for rent in Penrith (New South Wales)

The rent prices in real estate in Penrith, in the New South Wales region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

Average price last 6 months
Price/m² last 6 months
Average price per m2

The price per m² in Penrith has had a strong fall during the last 6 months. In January, the average price per m² was $122.08. In the following month the price per m² fell considerably to $77.24. The price for the following two months in (March, April) had a considerable fall of 67 with regard to the previous two months. The price per m² has had a considerable rise of 138 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $83.04 to $114.2 during May, and June.

Average price

When referring to the price in Penrith (suburbs), this has fallen in the last 6 months. The average price for January is $12,835. During February the price had a slight fall till $11,977. During the following two months (March, April) the average price fell 86 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $9,400 they are 96 % more affordable than the average price for Penrith . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $485.

With regard to the average price per m², those properties with 3 bedrooms are the most affordable ones at a cost of $2.92 / m², with an average $66.84 / m² price in Penrith. The properties with the most expensive average prices have 4 bedrooms. They are 75 % more expensive than the average followed by properties with 1 bedroom with a price at $5.97 / m².

Price per property type

With regard to the average price based on the property in Penrith we can see that the least affordable type of property is "Apartment" at $12,770, which is 36 % more expensive than the average price. "Apartment" has the most expensive price. This price is 36 % more expensive than the average price aforementioned.

According to the average area price by m² the most expensive property type is "Apartment with an average cost of $117 / m². "Apartment" at an average price of $117 / m² has the highest price and would be directed at more affluent cities.

Charts data
Average price June
Average price per m² June
Number of properties used in Penrith
Number of properties used in region New South Wales
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value