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.

$1,205,185
Average price last 6 months
$2,381.67
Price/m² last 6 months
Average price per m2

The price per m² in Penrith has increased strongly during the last 6 months. In November, the average price per m² was $872. In the following month the price per m² increased considerably to $1,008. The price for the following two months in (January, February) had a considerable increment of 424 %. The price per m² has decreased 90 % 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 $2,461.5 to $2,222 during March, and April.

Average price

Based upon to the price in Penrith (suburbs), this has gone up considerably in the last 6 months. The price in November is $455,205, rising in December till $512,746. During the following two months (January, February) the average price had a considerable increase of 147 % 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 404 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $469,892 they are 21 % more affordable than the average price for Penrith. The properties with the highest average price have 3 bedrooms, Their price is 41 % more costly 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 2 bedrooms are the cheapest ones at a cost of $730 / m², with an average $892 / m² price in Penrith. The properties with the highest average prices have 4 bedrooms. They are 248 % more expensive than the average followed by properties with 1 bedroom with a price at $1,232 / m².

Price per property type

The graph displaying the average prices displays the property type "Villa" as the most costly one. At an cost of $469,892 it is 26 % more expensive than the average price in Penrith. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Villa". At a price of $593,753 it is 27 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "Villa" at an average cost of $3,073 / m² followed by "Apartment" priced at $3,101 / m². "Apartment" is the most costly type of property with a $3,101 / m² cost followed by "Villa" with an average price of $3,073 / m².

Charts data
Average price April
Average price per m² April
Number of properties used in Penrith
Number of properties used in region New South Wales
$469,892
$892
258
182,064
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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1303sqm Opportunity – A Rare Gem In The Heart Of Penrith
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Open Home Saturday 18th May From 12:00pm 12:30pm
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