Suburb Profile Report for Penrith NSW (2750)

Penrith House: Median price $645,000, Annual capital growth 8.27%, Number of sales 95, Weekly median advertised rent $420

Penrith Unit: Median price $488,750, Annual capital growth 8.74%, Number of sales 192, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

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

  • House Report
  • Unit Report

Over the last year, property investments in Penrith, 2750 have given investors a capital gain of -9.79%. This compares badly with the -2.96% for NSW as a whole.

Penrith,2750 has offered an average of -9.79% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Penrith is offering property investors an average of -7.22. This rate of discount on properties puts Suburb at number 162th in terms of most discounted suburbs in NSW

Penrith, 2750’s gross rental yield is 3.39%

Property value increases in Penrith have tracked just lower than the NSW average of -3.67% over the last 12 months.

Penrith,2750 has offered an average of -6.90% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Penrith should be aiming for at least -7.62% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Penrith have been waiting around 88.9626 days to sell a property.

Advertised rents are around the $400 mark per week – giving a return of 4.26% based on the median price in Suburb

Metrics i HOUSE UNIT
$645,000 $488,750
-6.52% -2.25%
-9.79% -6.90%
8.27% 8.74%
$420 $400
95 192
3.39% 4.26%
62.5 88.9626168224299

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

DSR Score for property investment : Below average (H), Balanced (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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