Suburb Profile Report for Panania NSW (2213)

Panania House: Median price $900,000, Annual capital growth 7.17%, Number of sales 146, Weekly median advertised rent $600

Panania Unit: Median price $735,000, Annual capital growth 8.40%, Number of sales 11, Weekly median advertised rent $470

  • 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.

  • House Report
  • Unit Report

Property investors who have had real estate in Panania, 2213 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.45%

When looking at the potential capital gains offered to property investors over the last 3 years, Panania comes in at number 1059th in NSW.

The most recent median price for Panania is $900000, with sellers offering an average of -7.07% off the asking price.

At number 1182 in a list of fastest selling suburbs, Panania is in the TOP 40% of suburbs in Australia with an average of days on market 66.5814 for properties listed there.

With the median price for a house in Panania being $900000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.47%

Over the last year, property investments in Panania, 2213 have given investors a capital gain of 4.26%. This compares very favourably with the -4.02% for NSW as a whole.

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

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Panania, 2213. Typically our figures indicate that -4.54% is being offered, which puts this NSW suburb at 887th most discounted overall in Australia.

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

With the median price for a house in Panania being $735000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.33%

Metrics i HOUSE UNIT
$900,000 $735,000
0.28% 2.44%
-10.45% 4.26%
7.17% 8.40%
$600 $470
146 11
3.47% 3.33%
66.5813953488372 38.7

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 : Good (H), Above average (U)
Find a mortgage broker in Panania NSW
Demographics
Total population 11489
Median household income ($/weekly) 1347
Median age of persons 37
Median housing loan repayment ($/monthly) 2200
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1524 13.3
    25-34 years 1439 12.5
    35-44 years 1643 14.3
    45-54 years 1595 13.9
    55-64 years 1264 11.0
    Others 4023 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 4553 52.4
    Not Married 3702 42.6
    Defacto Relationship 426 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 8364 76.6
    Malaysia 240 2.2
    United Kingdom 263 2.4
    Viet Nam 275 2.5
    Other 401 3.7
    Others 1380 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 374 3.5
    Christianity 8378 77.6
    Hinduism 146 1.4
    Islam 589 5.5
    No Religion 1259 11.7
    Others 54 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 355 9.9
    $600-$799 313 8.7
    $1,500-$1,999 466 13.0
    $2,000-$2,499 377 10.5
    $2,500-$2,999 308 8.6
    Others 1763 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3471 39.8
    Not in the labour force 3213 36.8
    Employed, worked part-time 1478 16.9
    Employed, away from work 315 3.6
    Unemployed, looking for work 247 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 569 10.8
    Professionals 1053 20.0
    Technicians & trades workers 780 14.8
    Community & personal service workers 465 8.8
    Clerical & administrative workers 1098 20.9
    Others 1301 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 223 8.2
    Infants/Primary 957 35.0
    Secondary 793 29.0
    Technical or Further Educational Institution 268 9.8
    University or other Tertiary Institutions 430 15.7
    Others 65 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9044 81.4
    Semi-detached, row or terrace house, townhouse 1884 16.9
    Flat, unit or apartment 153 1.4
    House or flat attached to a shop, office 36 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1468 37.6
    Being purchased 1429 36.6
    Rented 994 25.4
    Other tenure type 15 0.4
    Tenure Type
Census 2011, ABS
Chart Table