Invest in the new west

Penrith is one of Sydney's fastest rising cities. With a growing population, thousands of new jobs on the way and billions in infrastructure committed to the region, Penrith is a city that is moving from strength to strength.

Why invest in Penrith

1
Population growth
Penrith's population is forecasted to grow by 2.5% per annum, between 2016 and 2031. This is well above the average annual projected growth rate for Metropolitan Sydney (1.5%).*
2
Investment in infrastructure
With over $15 billion dollars of infrastructure committed to the region, Penrith is set to see major developments such as Western Sydney Airport, Westconnex and Nepean Hospital revitalise the city.*
3
High rental yields
Penrith achieved a gross unit rental yield of 4.3% (Sept 2017). This is higher than Metropolitan Sydney’s gross unit rental yield of 3.7% and reflects the appeal of Penrith to investors. New two-bedroom apartment buildings within Penrith recorded a median listed rent of $430 in the last year - 30% higher than rents for established apartments ($330). This shows that new buildings can demand higher rents in the market due to higher quality finishes and design.*
4
High rental households
According to 2016 ABS Census data, the percentage of households renting within Penrith has increased significantly from 51% in 2011 to 60% in 2016. *
5
Rising prices
If you thought price growth in Sydney Metro was good over the past five years take a look at these numbers - Penrith is forecasted to experience a 9.4% price growth over the next 5 years. Between 2012-2017 the median growth sat at 8.2%.*

Penway Place

2 Bedroom Apartments starting from $502,000

Penway Place is ideally positioned in the heart of Penrith with open light filled spaces, views that stretch for miles and only a short walk to transport and shops.

There are 1, 2 and 3 bedroom apartments to chose from, all of which include high quality finishes and appliances throughout. Penway Place is convenience and quality - designed to be a true community with BBQ and picnic spaces, function room, gym and kids play areas. This place ticks all the boxes for your next smart investment.

Register your interest and visit our display suite today. You can inspect a full size 2 bedroom apartment on display right now.

*Source: URBIS Penrith Market Outlook Report - February 2018

REGISTER YOUR INTEREST

To register your interest in Penway Place, please fill in the form below or call our sales team on 1800 736 929.

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