Why Penrith
Stable but fully priced7.8%/yr capital growth, listings tightening 5.0% YoY.
Drivers
- Capital growth7.8%/yr
- Supply tightening-5.0% YoY
- Tight rentals1.3%
- Population growth+6.5% (5y)
Risks
- At top of budget (99% of cap)
- Thin gross yield (2.2%)
Construction ·M12 Motorway14.7 kmConstruction · 2026