Suburb Profile Report for Penguin TAS (7316)

Penguin House: Median price $280,000, Annual capital growth 2.66%, Number of sales 82, Weekly median advertised rent $260

Penguin Unit: Median price $232,000, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Investment property in Penguin 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 -1.75%

The five-year average increase in median property values for Penguin,7316 has given property investors a potential capital gain of 5.66% across each of those five years.

Property buyers and investors in Penguin 7316 should be seeing an average reduction in asking price of around -7.19% . This means that Penguin is holding prices well when compared to other suburbs in TAS.

In the last year 82 properties changed hands in Penguin, which puts it as the 21th most active market in TAS when comparing the number of sales per suburb.

A $260 per week rent on the median house gives suburb investors a gross yield of circa 4.83%, without taking into account capital value appreciation, which has been averaging out at 2.66%.

HOUSE UNIT
$280,000 $232,000
-5.96% -0.85%
-1.75% N/A
2.66% N/A
$260 N/A
82 14
4.83% N/A
110.84 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Penguin TAS
Demographics
Total population 3923
Median household income ($/weekly) 887
Median age of persons 43
Median housing loan repayment ($/monthly) 1127
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 526 13.4
    35-44 years 517 13.2
    45-54 years 633 16.1
    55-64 years 535 13.6
    65-74 years 427 10.9
    Others 1286 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 1491 53.4
    Not Married 1004 36.0
    Defacto Relationship 296 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3388 90.8
    New Zealand 32 0.9
    Papua New Guinea 32 0.9
    United Kingdom 190 5.1
    Other 24 0.6
    Others 65 1.7
    Country of Birth
    Census Count Percent(%)
    Christianity 2240 64.0
    No Religion 1223 34.9
    Buddhism 18 0.5
    Other Religious Groups 12 0.3
    Islam 8 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 152 11.4
    $400-$599 215 16.2
    $600-$799 150 11.3
    $800-$999 129 9.7
    $1,500-$1,999 152 11.4
    Others 532 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1268 41.9
    Employed, worked full-time 955 31.6
    Employed, worked part-time 584 19.3
    Employed, away from work 112 3.7
    Unemployed, looking for work 105 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 185 11.2
    Professionals 296 17.9
    Technicians & trades workers 289 17.5
    Community & personal service workers 193 11.7
    Clerical & administrative workers 213 12.9
    Others 476 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 37 4.5
    Infants/Primary 349 42.4
    Secondary 245 29.7
    Technical or Further Educational Institution 110 13.3
    University or other Tertiary Institutions 69 8.4
    Others 14 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3372 94.6
    Flat, unit or apartment 110 3.1
    Semi-detached, row or terrace house, townhouse 54 1.5
    Caravan, cabin, houseboat 27 0.8
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 581 39.9
    Being purchased 534 36.7
    Rented 322 22.1
    Other tenure type 18 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals