All About Glenmore Park, Penrith , NSW 2745

Glenmore Park Real Estate Market Outlook

Thinking about buying in Glenmore Park? Now could not be a better time, with 9484 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,165,000 with prices in this suburb ranging from $15,000 to $12,801,000. The aproximate distance to the coast is 44 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Glenmore Park are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Glenmore Park classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Glenmore Park necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Located in Greater Western Sydney, Glenmore Park is a sizeable suburb of Sydney located in Penrith, a city in its own right on the outskirts of Sydney, New South Wales. Bounded by and connected to Sydney via the M4 Motorway, the suburb is in the Local Government Area of the City of Penrith and has long been an area of well-planned residential growth, seeing a great deal of investment. The locality plays host to a number of sporting teams, and is well furnished with schools, shops and more. The area, once known as 'Peachtree', is relatively populous, with over 23,000 permanent residents. Glenmore Park is a hub for young families, an excellent place for those looking to build a life for themselves and their children with all the luxuries associated with city living, without the hustle and bustle of central Sydney.

Along with the M4, which allows easy access to Sydney's Central Business District and the Blue Mountains, the suburb is connected to the rest of Penrith primarily by buses. The area is sought-after due to its relaxed atmosphere and convenient connections for commuting or for leisure, however housing in Glenmore Park is significantly cheaper than that fully immersed in Sydney's central urban sprawl. With a number of idyllic, verdant nature reserves and every convenience within easy reach, Glenmore Park is a promising place to own property and a beautiful, well-connected place to live.

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