Suburb Profile Report for Penrith NSW (2750)

Penrith House: Median price $707,500, Annual capital growth 8.92%, Number of sales 129, Weekly median advertised rent $420

Penrith Unit: Median price $480,000, Annual capital growth 7.88%, Number of sales 265, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.25% which means that Penrith, 2750 has done well for property investors by showing a capital gain of 3.65% over the last year

Over the longer term, Penrith has seen property prices show investors a 47.92% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Penrith are currently offering property investors an average price cut of -5.68% below the asking price at the moment.

Often selling an investment property can take time, and in Penrith the average time real estate has been on the market is 47.28 days.

With the median price for a house in Penrith being $710000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.08%

Penrith has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.19% to date .

Over the longer term, Penrith has seen property prices show investors a 24.53% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.80% to buyers in Penrith at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Penrith the average time real estate has been on the market is 41.59 days.

Situated 30.65km from the CBD, Penrith is one of Penrith localities in the postcode 2750.

Metrics i HOUSE UNIT
$707,500 $480,000
-0.63% -5.88%
1.22% -9.26%
8.92% 7.88%
$420 $360
129 265
3.09% 3.90%
49.11 44.04

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Penrith NSW
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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