Suburb Profile Report for South Penrith NSW (2750)

South Penrith House: Median price $608,500, Annual capital growth 6.71%, Number of sales 193, Weekly median advertised rent $448

South Penrith Unit: Median price $480,000, Annual capital growth 6.64%, Number of sales 12, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.14% which means that South Penrith, 2750 has done well for property investors by showing a capital gain of 12.27% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Penrith has increased when compared to the 5 year average annual rate.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in South Penrith itself are offering an average vendor discount of -4.27% to real estate investors.

With the median price for a house in South Penrith being $608500 and the advertised rent reaching $447.5 the gross rental yield for property investors calculates out to be 3.82%

At number 291th in the list of Australian suburbs ordered by increase in median house value over the last year, South Penrith, 2750 is in the top 20% with a property value increase of 13.61% recorded in median house prices.

Across a shorter period, South Penrith, 2750 has seen a median price increase of 2.13% over the last quarter.

With the median price for a house in South Penrith being $480000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.23%

HOUSE UNIT
$608,500 $480,000
0.58% 2.13%
12.27% 13.61%
6.71% 6.64%
$448 $390
193 12
3.82% 4.23%
34.29 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 11640
Median household income ($/weekly) 1377
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1553 13.3
    25-34 years 1756 15.1
    35-44 years 1519 13.0
    45-54 years 1424 12.2
    55-64 years 1666 14.3
    Others 3723 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 4463 51.3
    Not Married 3424 39.3
    Defacto Relationship 817 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 9029 81.3
    Indonesia 119 1.1
    Papua New Guinea 173 1.6
    United Kingdom 761 6.8
    Other 254 2.3
    Others 774 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 83 0.8
    Christianity 8713 81.0
    Hinduism 71 0.7
    Islam 113 1.1
    No Religion 1707 15.9
    Others 72 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 341 9.3
    $1,000-$1,249 366 9.9
    $1,250-$1,499 340 9.2
    $1,500-$1,999 549 14.9
    $2,000-$2,499 475 12.9
    Others 1608 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3793 42.9
    Not in the labour force 2826 31.9
    Employed, worked part-time 1541 17.4
    Employed, away from work 376 4.2
    Unemployed, looking for work 313 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 869 15.2
    Technicians & trades workers 887 15.5
    Community & personal service workers 572 10.0
    Clerical & administrative workers 1089 19.1
    Sales 626 11.0
    Others 1669 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 238 9.0
    Infants/Primary 1006 37.9
    Secondary 720 27.1
    Technical or Further Educational Institution 291 11.0
    University or other Tertiary Institutions 333 12.5
    Others 66 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10590 94.8
    Semi-detached, row or terrace house, townhouse 521 4.7
    Flat, unit or apartment 56 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1760 44.2
    Fully owned 1364 34.2
    Rented 844 21.2
    Other tenure type 17 0.4
    Tenure Type
Census 2011, ABS
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