Suburb Profile Report for Penrith NSW (2750)

Penrith House: Median price $650,000, Annual capital growth 8.40%, Number of sales 180, Weekly median advertised rent $410

Penrith Unit: Median price $425,000, Annual capital growth 6.43%, Number of sales 216, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 6.87% which means that Penrith, 2750 has done well for property investors by showing a capital gain of 1.56% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Penrith comes in at number 62th in NSW.

Vendor discounting in Penrith is giving property investors an average Vendor Discount of around -6.27%. This puts suburb at number 369th in NSW when ranking the most discounted suburbs.

Residents and property investors in Penrith have been waiting around 49.42 days to sell a property.

With the median price for a house in Penrith being $650000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.28%

Over the last year, property investments in Penrith, 2750 have given investors a capital gain of 7.59%. This compares favourably with the 5.41% for NSW as a whole.

Comparing Penrith,2750 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Penrith itself are offering an average vendor discount of -4.34% to real estate investors.

At number 129 in a list of fastest selling suburbs, Penrith is in the TOP 10% of suburbs in Australia with an average of days on market 43.12 for properties listed there.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

HOUSE UNIT
$650,000 $425,000
2.36% 1.43%
1.56% 7.59%
8.40% 6.43%
$410 $350
180 216
3.28% 4.28%
49.42 43.12

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 11813
Median household income ($/weekly) 949
Median age of persons 37
Median housing loan repayment ($/monthly) 1700
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1226 10.4
    25-34 years 1969 16.7
    35-44 years 1582 13.4
    45-54 years 1416 12.0
    55-64 years 1223 10.4
    Others 4397 37.2
    Age Group
    Census Count Percent(%)
    Not Married 4608 53.4
    Registered Married 3129 36.3
    Defacto Relationship 893 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 8341 76.1
    Indonesia 157 1.4
    Papua New Guinea 234 2.1
    United Kingdom 659 6.0
    Other 522 4.8
    Others 1042 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 186 1.7
    Christianity 8051 75.4
    Hinduism 157 1.5
    Islam 223 2.1
    No Religion 1961 18.4
    Others 94 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 542 12.0
    $400-$599 515 11.4
    $600-$799 500 11.1
    $1,000-$1,249 444 9.8
    $1,500-$1,999 550 12.2
    Others 1962 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3521 39.1
    Not in the labour force 3449 38.3
    Employed, worked part-time 1273 14.1
    Unemployed, looking for work 422 4.7
    Employed, away from work 343 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 887 17.3
    Technicians & trades workers 682 13.3
    Community & personal service workers 545 10.6
    Clerical & administrative workers 914 17.8
    Machinery operators & drivers 548 10.7
    Others 1562 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 192 8.4
    Infants/Primary 747 32.6
    Secondary 564 24.6
    Technical or Further Educational Institution 360 15.7
    University or other Tertiary Institutions 334 14.6
    Others 96 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6159 57.5
    Semi-detached, row or terrace house, townhouse 2492 23.3
    Flat, unit or apartment 2038 19.0
    House or flat attached to a shop, office 17 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2437 51.1
    Being purchased 1198 25.1
    Fully owned 1065 22.3
    Other tenure type 72 1.5
    Tenure Type
Census 2011, ABS
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