Suburb Profile Report for Panania NSW (2213)

Panania House: Median price $968,500, Annual capital growth 8.37%, Number of sales 245, Weekly median advertised rent $570

Panania Unit: Median price $692,500, Annual capital growth 8.38%, Number of sales 28, Weekly median advertised rent $473

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

Source: CoreLogic

  • House Report
  • Unit Report

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 6.43%

Panania,2213 has offered an average of 6.43% return per annum in house price rises to property investors over the last three years.

Panania2213 is located in NSW which offers an average discount of -5.45% to property investors. Panania itself is showing figures that indicate -4.13% is the average achievable by property buyers investing in the suburb.

A $570 per week rent on the median house gives suburb investors a gross yield of circa 3.06%, without taking into account capital value appreciation, which has been averaging out at 8.37%.

NSW has seen average median house prices change by 6.22% which means that Panania, 2213 has done well for property investors by showing a capital gain of 10.89% over the last year

Across a shorter period, Panania, 2213 has seen a median price increase of 6.46% over the last quarter.

The most recent median price for Panania is $692500, with sellers offering an average of -2.49% off the asking price.

At number 12 in a list of fastest selling suburbs, Panania is in the TOP 10% of suburbs in Australia with an average of days on market 20.2 for properties listed there.

With the median price for a house in Panania being $692500 and the advertised rent reaching $473 the gross rental yield for property investors calculates out to be 3.55%

Metrics i HOUSE UNIT
$968,500 $692,500
2.00% 6.46%
6.43% 10.89%
8.37% 8.38%
$570 $473
245 28
3.06% 3.55%
55.7 20.2

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