Suburb Profile Report for West Pennant Hills NSW (2125)

West Pennant Hills House: Median price $1,426,500, Annual capital growth 7.55%, Number of sales 156, Weekly median advertised rent $750

West Pennant Hills Unit: Median price $939,000, Annual capital growth 9.25%, Number of sales 10, Weekly median advertised rent $485

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

At number 3701th in the list of Australian suburbs ordered by increase in median house value over the last year, West Pennant Hills, 2125 is in the BOTTOM 10% with a property value increase of -13.68% recorded in median house prices.

Taking the average capital gain, or increase in median house value, West Pennant Hills,2125 has racked up an average of -13.68% over the period. This ranks it number 3470th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in West Pennant Hills are currently offering property investors an average price cut of -7.68% below the asking price at the moment.

In the last year 156 properties changed hands in West Pennant Hills, which puts it as the 75th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $750 weekly from the median priced house in this suburb.

Investment property in West Pennant Hills 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 -9.49%

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

Information supplied by:


March 2019

M
O

W
E

Supply rises and correction begins

Postcode: 2125

Median house price: $1,627,500

Stock on market: 16.7%

12-month growth: -3.6%

A suburb of the Hills District, West Pennant Hills was named for the hills it stood on, as well for the flag pole established at the area’s peak to serve as a medium of communication in the early days of Sydney’s establishment.

The suburb’s commercial scene emanates from Thompsons Corner. West Pennant Hills Public School, the local government-run primary school, is also located here. West Pennant Hills’s shopping centre can be found near Castle Hill Road, and commuters can choose to take the buses that run through the suburb or head to nearby train stations like Beecroft and Pennant Hills.

West Pennant Hills is one of the most expensive suburbs in NSW. While the average annual growth rate remains high at 8.2%, correction is beginning in this area as the number of houses increase.

Metrics i HOUSE UNIT
$1,426,500 $939,000
-2.96% N/A
-13.68% -9.49%
7.55% 9.25%
$750 $485
156 10
2.73% 2.69%
73.2924528301887 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 15967
Median household income ($/weekly) 2449
Median age of persons 41
Median housing loan repayment ($/monthly) 2600
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 2103 13.2
    25-34 years 1380 8.6
    35-44 years 1926 12.1
    45-54 years 2666 16.7
    55-64 years 2557 16.0
    Others 5335 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 7702 62.0
    Not Married 4373 35.2
    Defacto Relationship 354 2.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 9853 62.8
    Croatia 603 3.8
    India 630 4.0
    United Kingdom 748 4.8
    Other 792 5.0
    Others 3065 19.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 669 4.4
    Christianity 10572 69.3
    Hinduism 677 4.4
    Islam 332 2.2
    No Religion 2819 18.5
    Others 176 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 463 10.4
    $2,000-$2,499 387 8.7
    $2,500-$2,999 692 15.5
    $3,000-$3,499 508 11.4
    $4,000 or more 681 15.2
    Others 1739 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5316 41.4
    Not in the labour force 4030 31.4
    Employed, worked part-time 2694 21.0
    Employed, away from work 411 3.2
    Unemployed, looking for work 377 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1608 19.1
    Professionals 2792 33.2
    Technicians & trades workers 688 8.2
    Clerical & administrative workers 1402 16.7
    Sales 813 9.7
    Others 1117 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 305 6.6
    Infants/Primary 1371 29.6
    Secondary 1376 29.7
    Technical or Further Educational Institution 261 5.6
    University or other Tertiary Institutions 1236 26.7
    Others 88 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14440 93.8
    Semi-detached, row or terrace house, townhouse 855 5.6
    Flat, unit or apartment 102 0.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2207 44.5
    Being purchased 2119 42.7
    Rented 580 11.7
    Other tenure type 57 1.1
    Tenure Type
Census 2011, ABS
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