Suburb Profile Report for Panania NSW (2213)

Panania House: Median price $925,000, Annual capital growth 7.78%, Number of sales 238, Weekly median advertised rent $560

Panania Unit: Median price $650,000, Annual capital growth 7.11%, Number of sales 22, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

Panania has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.21% to date .

Taking the average capital gain, or increase in median house value, Panania,2213 has racked up an average of 2.21% over the period. This ranks it number 589th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Panania is $925000, with sellers offering an average of -4.80% off the asking price.

On average over the past year, suburb has had 19.83 sales per month, which equates to 238 per year.

Using the current median advertised rental of $560 and the average annual increase in value of a median property of 7.78%, investors should hope to achieve an overall return of 3.15%

Panania is in the bottom 20% in NSW when comparing median price capital growth over the last year. Panania gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.99%.

While Panania,2213 ranked number 96th in NSW for increase in median house value (annualised) increase, it is ranked 209th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Panania is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 331th in terms of most discounted suburbs in NSW

The NSW suburb of Panania, 2213 is in the Bankstown local government area.

HOUSE UNIT
$925,000 $650,000
1.54% 5.01%
2.21% -3.99%
7.78% 7.11%
$560 $460
238 22
3.15% 3.68%
53.81 48.5

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
Find a mortgage broker in Panania NSW
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
Chart Table
Recent sales & rentals