Suburb Profile Report for Panania NSW (2213)

Panania House: Median price $995,000, Annual capital growth 8.49%, Number of sales 250, Weekly median advertised rent $570

Panania Unit: Median price $738,000, Annual capital growth 8.92%, Number of sales 31, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 9.10% for the last year, Panania, 2213 is the 1586th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Panania has given property investors a paper return of 2.95%. This puts Suburb as 639 on a list of fastest fasting appreciating suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Panania, 2213. Typically our figures indicate that -3.69% is being offered, which puts this NSW suburb at 3226th most discounted overall in Australia.

Often selling an investment property can take time, and in Panania the average time real estate has been on the market is 51.42 days.

Using the current median advertised rental of $570 and the average annual increase in value of a median property of 8.49%, investors should hope to achieve an overall return of 2.98%

Property investors who have had real estate in Panania, 2213 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.22%

A 55.61% growth in median value for property investors in Panania,2213 puts this suburb at number 34th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Panania should be aiming for at least -2.67% off the asking price, which is the average vendor discount being achieved at the moment.

A $490 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 8.92%.

Metrics i HOUSE UNIT
$995,000 $738,000
2.95% 9.73%
9.10% 19.22%
8.49% 8.92%
$570 $490
250 31
2.98% 3.45%
51.42 19

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11489
Median household income ($/weekly) 1347
Median age of persons 37
Median housing loan repayment ($/monthly) 2200
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1524 13.3
    25-34 years 1439 12.5
    35-44 years 1643 14.3
    45-54 years 1595 13.9
    55-64 years 1264 11.0
    Others 4023 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 4553 52.4
    Not Married 3702 42.6
    Defacto Relationship 426 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 8364 76.6
    Malaysia 240 2.2
    United Kingdom 263 2.4
    Viet Nam 275 2.5
    Other 401 3.7
    Others 1380 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 374 3.5
    Christianity 8378 77.6
    Hinduism 146 1.4
    Islam 589 5.5
    No Religion 1259 11.7
    Others 54 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 355 9.9
    $600-$799 313 8.7
    $1,500-$1,999 466 13.0
    $2,000-$2,499 377 10.5
    $2,500-$2,999 308 8.6
    Others 1763 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3471 39.8
    Not in the labour force 3213 36.8
    Employed, worked part-time 1478 16.9
    Employed, away from work 315 3.6
    Unemployed, looking for work 247 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 569 10.8
    Professionals 1053 20.0
    Technicians & trades workers 780 14.8
    Community & personal service workers 465 8.8
    Clerical & administrative workers 1098 20.9
    Others 1301 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 223 8.2
    Infants/Primary 957 35.0
    Secondary 793 29.0
    Technical or Further Educational Institution 268 9.8
    University or other Tertiary Institutions 430 15.7
    Others 65 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9044 81.4
    Semi-detached, row or terrace house, townhouse 1884 16.9
    Flat, unit or apartment 153 1.4
    House or flat attached to a shop, office 36 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1468 37.6
    Being purchased 1429 36.6
    Rented 994 25.4
    Other tenure type 15 0.4
    Tenure Type
Census 2011, ABS
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