Suburb Profile Report for Panania NSW (2213)

Panania House: Median price $908,000, Annual capital growth 7.61%, Number of sales 222, Weekly median advertised rent $550

Panania Unit: Median price $622,750, Annual capital growth 6.86%, Number of sales 21, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Panania, 2213 have given investors a capital gain of 2.25%. This compares badly with the 7.15% for NSW as a whole.

Panania,2213 has offered an average of 2.25% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Panania is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 544th in terms of most discounted suburbs in NSW

A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.15%, without taking into account capital value appreciation, which has been averaging out at 7.61%.

With a capital gain of -6.91% for the last 12 months, Panania, 2213 has performed for property investments than its average annual 6.86% property growth over the last 5 years.

While Panania,2213 ranked number 272th in NSW for increase in median house value (annualised) increase, it is ranked 275th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Panania itself are offering an average vendor discount of -3.66% to real estate investors.

Panania, 2213’s gross rental yield is 4.09%

HOUSE UNIT
$908,000 $622,750
-0.79% 0.61%
2.25% -6.91%
7.61% 6.86%
$550 $490
222 21
3.15% 4.09%
59.86 47.3

Source: CoreLogic

DSR Score for property investment : 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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