Suburb Profile Report for Penshurst NSW (2222)

Penshurst House: Median price $1,220,500, Annual capital growth 8.32%, Number of sales 68, Weekly median advertised rent $550

Penshurst Unit: Median price $580,000, Annual capital growth 7.54%, Number of sales 146, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Penshurst has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.57%

The five-year average increase in median property values for Penshurst,2222 has given property investors a potential capital gain of 63.28% across each of those five years.

Our latest figures would indicate that property sellers in Penshurst are currently offering property investors an average price cut of -7.97% below the asking price at the moment.

Residents and property investors in Penshurst have been waiting around 66.78 days to sell a property.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.34%, without taking into account capital value appreciation, which has been averaging out at 8.32%.

At number 1165th in the list of Australian suburbs ordered by increase in median house value over the last year, Penshurst, 2222 is in the BOTTOM 40% with a property value increase of -0.85% recorded in median house prices.

Over the longer term, Penshurst has seen property prices show investors a 28.04% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.67% to buyers in Penshurst at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Penshurst the average time real estate has been on the market is 68.17 days.

Renters in Suburb are facing rents around $5160 per annum or $430 every week.

Metrics i HOUSE UNIT
$1,220,500 $580,000
1.71% 2.11%
-1.57% -0.85%
8.32% 7.54%
$550 $430
68 146
2.34% 3.86%
66.78 68.17

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 11692
Median household income ($/weekly) 1302
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1320 11.3
    25-34 years 2007 17.2
    35-44 years 1697 14.5
    45-54 years 1704 14.6
    55-64 years 1250 10.7
    Others 3714 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 4630 51.3
    Not Married 3890 43.1
    Defacto Relationship 508 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6191 55.4
    Croatia 1397 12.5
    India 293 2.6
    Indonesia 259 2.3
    Other 890 8.0
    Others 2153 19.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 596 5.5
    Christianity 6918 63.5
    Hinduism 514 4.7
    Islam 403 3.7
    No Religion 2366 21.7
    Others 92 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 380 9.6
    $600-$799 369 9.3
    $1,000-$1,249 363 9.1
    $1,500-$1,999 520 13.1
    $2,000-$2,499 403 10.1
    Others 1936 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3801 41.3
    Not in the labour force 3023 32.9
    Employed, worked part-time 1663 18.1
    Unemployed, looking for work 365 4.0
    Employed, away from work 344 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 566 9.7
    Professionals 1444 24.9
    Technicians & trades workers 695 12.0
    Community & personal service workers 547 9.4
    Clerical & administrative workers 1095 18.9
    Others 1459 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 164 5.8
    Infants/Primary 842 29.7
    Secondary 747 26.4
    Technical or Further Educational Institution 297 10.5
    University or other Tertiary Institutions 657 23.2
    Others 127 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5729 51.2
    Flat, unit or apartment 4411 39.4
    Semi-detached, row or terrace house, townhouse 1040 9.3
    House or flat attached to a shop, office 14 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1447 34.0
    Rented 1409 33.1
    Fully owned 1386 32.5
    Other tenure type 17 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals