Property prices for sale in Penrith (New South Wales)
The prices in real estate in Penrith, in the New South Wales region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Penrith has increased strongly during the last 6 months. In October, the average price per m² was $893. In November this price pretty much remained the same at a value of $872 per m². The price for the following two months in (December, January) had a considerable increment of 255 %. The price per m² has had a considerable increase of 256 % 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 $1,565.75 to $4,014 during February, and March.
Based upon to the price in Penrith (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $470,363. In November This price remains at $455,205. During the following two months (December, January) the average price had a considerable increase of 135 % 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 risen strongly 466 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $4,367,000 they are 91 % more affordable than the average price for Penrith. The properties with the lowest average price have 3 bedrooms, Their price is 85 % cheaper than the average. After that we have properties with 4 bedrooms priced at $597,929.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $745 / m², with an average $3,552 / m² price in Penrith. The properties with the lowest average prices have 4 bedrooms. They are 13 % cheaper than the average followed by properties with 1 bedroom with a price at $1,232 / m².
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $4,367,000 it is 86 % cheaper than the average price in Penrith. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Villa". At a price of $594,348 it is 86 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Villa" at an average cost of $3,077 / m² followed by "Apartment" priced at $3,101 / m². "Apartment" is the cheapest type of property with a $3,101 / m² value followed by "Villa" with an average price of $3,077 / m².
