Suburb Profile Report for Penshurst NSW (2222)

Penshurst House: Median price $1,119,000, Annual capital growth 7.24%, Number of sales 48, Weekly median advertised rent $625

Penshurst Unit: Median price $617,500, Annual capital growth 7.07%, Number of sales 78, Weekly median advertised rent $450

  • 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

Penshurst is in the bottom 20% in NSW when comparing median price capital growth over the last year. Penshurst gave property investors a dismal capital gain figure when compared to the rest of the state, with -12.92%.

Across a shorter period, Penshurst, 2222 has seen a median price increase of 0.09% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Penshurst itself are offering an average vendor discount of -10.13% to real estate investors.

Residents and property investors in Penshurst have been waiting around 76.2222 days to sell a property.

Property value increases in Penshurst have tracked just higher than the NSW average of -4.02% over the last 12 months.

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

Property investors looking for a bargain in Penshurst should be aiming for at least -7.12% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,119,000 $617,500
0.09% 2.49%
-12.92% -0.88%
7.24% 7.07%
$625 $450
48 78
2.90% 3.79%
76.2222222222222 59.8550724637681

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 : Balanced (H), Above average (U)
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Demographics
Total population 11692
Median household income ($/weekly) 1302
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1320 11.3
    25-34 years 2007 17.2
    35-44 years 1697 14.5
    45-54 years 1704 14.6
    55-64 years 1250 10.7
    Others 3714 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 4630 51.3
    Not Married 3890 43.1
    Defacto Relationship 508 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6191 55.4
    Croatia 1397 12.5
    India 293 2.6
    Indonesia 259 2.3
    Other 890 8.0
    Others 2153 19.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 596 5.5
    Christianity 6918 63.5
    Hinduism 514 4.7
    Islam 403 3.7
    No Religion 2366 21.7
    Others 92 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 380 9.6
    $600-$799 369 9.3
    $1,000-$1,249 363 9.1
    $1,500-$1,999 520 13.1
    $2,000-$2,499 403 10.1
    Others 1936 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3801 41.3
    Not in the labour force 3023 32.9
    Employed, worked part-time 1663 18.1
    Unemployed, looking for work 365 4.0
    Employed, away from work 344 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 566 9.7
    Professionals 1444 24.9
    Technicians & trades workers 695 12.0
    Community & personal service workers 547 9.4
    Clerical & administrative workers 1095 18.9
    Others 1459 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 164 5.8
    Infants/Primary 842 29.7
    Secondary 747 26.4
    Technical or Further Educational Institution 297 10.5
    University or other Tertiary Institutions 657 23.2
    Others 127 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5729 51.2
    Flat, unit or apartment 4411 39.4
    Semi-detached, row or terrace house, townhouse 1040 9.3
    House or flat attached to a shop, office 14 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1447 34.0
    Rented 1409 33.1
    Fully owned 1386 32.5
    Other tenure type 17 0.4
    Tenure Type
Census 2011, ABS
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