Suburb Profile Report for Panania NSW (2213)

Panania House: Median price $949,000, Annual capital growth 8.05%, Number of sales 257, Weekly median advertised rent $560

Panania Unit: Median price $650,500, Annual capital growth 7.57%, Number of sales 23, Weekly median advertised rent $473

  • 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 4.29%. This compares badly with the 7.28% for NSW as a whole.

The five-year average increase in median property values for Panania,2213 has given property investors a potential capital gain of 66.49% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Panania itself are offering an average vendor discount of -4.34% to real estate investors.

On average over the past year, suburb has had 21.42 sales per month, which equates to 257 per year.

Advertised rents are around the $560 mark per week – giving a return of 3.07% based on the median price in Suburb

Panania is an average performer in NSW when comparing median price capital growth over the last year. Panania gave property investors a average capital gain figure when compared to the rest of the state, with 3.25%.

Across a shorter period, Panania, 2213 has seen a median price increase of 3.83% over the last quarter.

Our latest figures would indicate that property sellers in Panania are currently offering property investors an average price cut of -2.24% below the asking price at the moment.

Residents and property investors in Panania have been waiting around 44.46 days to sell a property.

With the median price for a house in Panania being $650500 and the advertised rent reaching $473 the gross rental yield for property investors calculates out to be 3.78%

HOUSE UNIT
$949,000 $650,500
3.15% 3.83%
4.29% 3.25%
8.05% 7.57%
$560 $473
257 23
3.07% 3.78%
52.97 44.46

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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