Suburb Profile Report for Penrith NSW (2750)

Penrith House: Median price $780,000, Annual capital growth 9.27%, Number of sales 148, Weekly median advertised rent $430

Penrith Unit: Median price $490,000, Annual capital growth 7.63%, Number of sales 537, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 997th in the list of Australian suburbs ordered by increase in median house value over the last year, Penrith, 2750 is in the top 30% with a property value increase of 20.00% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Penrith,2750 has racked up an average of 20.00% over the period. This ranks it number 2683th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.39% offered to property buyers. Sellers in Penrith itself are offering an average vendor discount of -3.62% to real estate investors.

On average over the past year, suburb has had 12.33 sales per month, which equates to 148 per year.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 9.27%, investors should hope to achieve an overall return of 2.87%

With a capital gain of 1.03% for the last 12 months, Penrith, 2750 has performed for property investments than its average annual 7.63% property growth over the last 5 years.

A -7.55% growth in median value for property investors in Penrith,2750 puts this suburb at number 379th in terms of best performing suburbs in NSW

Penrith2750 is located in NSW which offers an average discount of -4.22% to property investors. Penrith itself is showing figures that indicate -3.36% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Penrith the average time real estate has been on the market is 64.648 days.

Advertised rents are around the $390 mark per week – giving a return of 4.14% based on the median price in Suburb

Metrics i HOUSE UNIT
$780,000 $490,000
4.63% 1.14%
20.00% 1.03%
9.27% 7.63%
$430 $390
148 537
2.87% 4.14%
42.4239130434783 64.6480446927374

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 11813
Median household income ($/weekly) 949
Median age of persons 37
Median housing loan repayment ($/monthly) 1700
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1226 10.4
    25-34 years 1969 16.7
    35-44 years 1582 13.4
    45-54 years 1416 12.0
    55-64 years 1223 10.4
    Others 4397 37.2
    Age Group
    Census Count Percent(%)
    Not Married 4608 53.4
    Registered Married 3129 36.3
    Defacto Relationship 893 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 8341 76.1
    Indonesia 157 1.4
    Papua New Guinea 234 2.1
    United Kingdom 659 6.0
    Other 522 4.8
    Others 1042 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 186 1.7
    Christianity 8051 75.4
    Hinduism 157 1.5
    Islam 223 2.1
    No Religion 1961 18.4
    Others 94 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 542 12.0
    $400-$599 515 11.4
    $600-$799 500 11.1
    $1,000-$1,249 444 9.8
    $1,500-$1,999 550 12.2
    Others 1962 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3521 39.1
    Not in the labour force 3449 38.3
    Employed, worked part-time 1273 14.1
    Unemployed, looking for work 422 4.7
    Employed, away from work 343 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 887 17.3
    Technicians & trades workers 682 13.3
    Community & personal service workers 545 10.6
    Clerical & administrative workers 914 17.8
    Machinery operators & drivers 548 10.7
    Others 1562 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 192 8.4
    Infants/Primary 747 32.6
    Secondary 564 24.6
    Technical or Further Educational Institution 360 15.7
    University or other Tertiary Institutions 334 14.6
    Others 96 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6159 57.5
    Semi-detached, row or terrace house, townhouse 2492 23.3
    Flat, unit or apartment 2038 19.0
    House or flat attached to a shop, office 17 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2437 51.1
    Being purchased 1198 25.1
    Fully owned 1065 22.3
    Other tenure type 72 1.5
    Tenure Type
Census 2011, ABS
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