Suburb Profile Report for Pennington SA (5013)

Pennington House: Median price $396,500, Annual capital growth 4.33%, Number of sales 50, Weekly median advertised rent $330

Pennington Unit: Median price $288,500, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Pennington 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 5.73%

The five-year average increase in median property values for Pennington,5013 has given property investors a potential capital gain of 18.36% across each of those five years.

The most recent median price for Pennington is $396500, with sellers offering an average of -6.11% off the asking price.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.33%, investors should hope to achieve an overall return of 4.33%

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.27% offered to property buyers. Sellers in Pennington itself are offering an average vendor discount of -9.48% to real estate investors.

Often selling an investment property can take time, and in Pennington the average time real estate has been on the market is 125.72 days.

Metrics i HOUSE UNIT
$396,500 $288,500
0.63% N/A
5.73% N/A
4.33% N/A
$330 N/A
50 11
4.33% N/A
92.37 125.72

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3648
Median household income ($/weekly) 865
Median age of persons 39
Median housing loan repayment ($/monthly) 1560
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 427 11.7
    25-34 years 458 12.6
    35-44 years 480 13.2
    45-54 years 559 15.3
    55-64 years 377 10.3
    Others 1347 36.9
    Age Group
    Census Count Percent(%)
    Not Married 1402 53.3
    Registered Married 1027 39.1
    Defacto Relationship 199 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2219 66.0
    Philippines 80 2.4
    United Kingdom 136 4.0
    Viet Nam 392 11.7
    Other 141 4.2
    Others 395 11.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 409 12.7
    Christianity 1989 61.5
    Hinduism 31 1.0
    Islam 107 3.3
    No Religion 686 21.2
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 170 14.4
    $400-$599 139 11.8
    $600-$799 136 11.5
    $800-$999 122 10.4
    $1,500-$1,999 135 11.5
    Others 476 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1264 45.9
    Employed, worked full-time 822 29.9
    Employed, worked part-time 447 16.2
    Unemployed, looking for work 129 4.7
    Employed, away from work 90 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 197 14.5
    Technicians & trades workers 234 17.2
    Community & personal service workers 156 11.5
    Clerical & administrative workers 184 13.5
    Labourers 189 13.9
    Others 401 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 51 6.5
    Infants/Primary 279 35.8
    Secondary 215 27.6
    Technical or Further Educational Institution 92 11.8
    University or other Tertiary Institutions 119 15.3
    Others 23 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2778 83.5
    Semi-detached, row or terrace house, townhouse 355 10.7
    Flat, unit or apartment 182 5.5
    House or flat attached to a shop, office 10 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 515 39.9
    Being purchased 424 32.8
    Fully owned 345 26.7
    Other tenure type 7 0.5
    Tenure Type
Census 2011, ABS
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