Suburb Profile Report for Panania NSW (2213)

Panania House: Median price $956,500, Annual capital growth 8.01%, Number of sales 249, Weekly median advertised rent $570

Panania Unit: Median price $660,250, Annual capital growth 7.71%, Number of sales 20, Weekly median advertised rent $473

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Panania, 2213 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.11%.

If we look at median property appreciation over just the last three months, Panania has given property investors a paper return of 3.41%. This puts Suburb as 463 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Panania is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 876th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Panania the average time real estate has been on the market is 52.57 days.

Investment property in Panania has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.80%

The five-year average increase in median property values for Panania,2213 has given property investors a potential capital gain of 50.88% across each of those five years.

Property investors looking for a bargain in Panania should be aiming for at least -2.46% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 20 properties changed hands in Panania, which puts it as the 454th most active market in NSW when comparing the number of sales per suburb.

Situated 20.50km from the CBD, Panania is one of Bankstown localities in the postcode 2213.

Metrics i HOUSE UNIT
$956,500 $660,250
3.41% 1.58%
5.11% 4.80%
8.01% 7.71%
$570 $473
249 20
3.10% 3.73%
52.57 25.3

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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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Recent sales & rentals