December 23, 2014
Jamisontown home loan specialist and mortgage broker Rob Lees reviews this centrally-located and family friendly suburb
Just a few minutes’ drive from Penrith CBD lies the friendly and community-based suburb of Jamisontown. It’s a place where people know their neighbours and enjoy a quality lifestyle with restaurants, shopping centers, fitness centers, Panther’s Word of Entertainment, and quality parklands and the Nepean River just a short walk away.
Jamisontown is not only located near Penrith’s entertainment precinct but is also close to great local schools, the University of Western Sydney and a private and public hospital. It’s also a stone’s throw away from the M4 motorway which is great for easy access to Sydney (just a 50 minute drive to the CBD) or the lower Blue Mountains (10 minute drive) and beyond.
Affordable homes in Jamisontown
If you’re looking for a home that offers a great lifestyle at an affordable price then Jamisontown is your pick. Homes are affordable in comparison to the rest of Sydney with Jamisontown having a median house price of $475,000*. There are also an increasing number of units for sale due to recent apartment developments in the suburb. The median price for a unit in Jamisontown sits at $319,000.
Houses and units in Jamisontown have increased in value
Houses in Jamistontown have increased in value by 19.3 % in the last 12 months and in the last five years house prices have sky rocketed with a 35.3% in value.* Unit prices have increased steadily in value with a 13.9% increase in the last 12 months and a 16.6% increase in the last three years.
Impressive rental yields
Investors will be impressed to find the average rental yield is at 5.7% for houses with an average weekly rental return of $350 per week for houses.*
Take advantage of low interest rates
With interest rates at record low levels, now is the perfect opportunity to purchase property and Mortgage Choice Penrith and Blaxland are happy to help you every step of the way. If you need to organise your finance, it's a great idea to contact us today.
Contact Rob Lees from Mortgage Choice
Find out more about buying property in Jamisontown by contacting Rob Lees, your local Penrith mortgage broker on 02 4739 9749 (Blaxland office) or 02 4721 1733 (Penrith office).
You can also visit our office at either suite 3/13 Hope Street, Blaxland or shop 1A, 1-3 Castlereagh Street, Penrith or online at https://www.mortgagechoice.com.au/rob.lees
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*RP Data Suburb ScoreCard, Corporate Edition. Data Set Aug 2014 published August 2014.