Penrith is located 50 kilometres west of the Sydney CBD in the local government area of Penrith City Council. Currently the median sales price of houses in the area is $710,050, with 40.7% of homes being owner occupied.

The size of Penrith is approximately 12.5 square kilometres. It has 22 parks covering nearly 7.4% of total area. The population of Penrith in 2011 was 11,813 people. By 2016 the population was 13,295 showing a population growth of 12.3% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation.

 

Penrith Median Property Sales Prices

Year 2014 Year 2015 Year 2016 Year 2017 Year 2018
Period Median Price Median Price Median Price Median Price Median Price
January $390,500 $480,000 $648,500 $685,000 $710,050
February $395,500 $490,000 $650,500 $699,000 $710,000
March $405,000 $500,000 $660,000 $700,000 $710,000
April $413,500 $504,000 $660,000 $696,500 $710,050
May $420,000 $511,554 $650,000 $713,500 n/a
June $420,000 $538,500 $650,000 $740,000 n/a
July $425,000 $573,500 $650,000 $732,500 n/a
August $430,500 $587,500 $635,000 $722,500 n/a
September $440,500 $620,000 $647,500 $711,500 n/a
October $455,000 $630,000 $657,500 $710,000 n/a
November $464,500 $635,000 $671,000 $712,000 n/a
December $480,000 $640,000 $680,000 $711,000 n/a

 

Household Structure

35% Couples with Children living at home, 34.9% Couples with no children living at home, 27.2% Single Parents, 2.8% Other.

 

Household Occupancy

21.2% Purchaser with Mortgage, 19.5% Owns Outright, 53.9% Renting, 5.1% Not Stated, 0.4% Other

 

Average Household Income

Income Range Penrith %
0-15.6K 5.5
15.6-33.8K 20.1
33.8-52K 15.3
52-78K 17.4
78-130K 21.1
130-182K 7.7
182K+ 5.1

 

Aboriginal and Torres Strait Islander people make up 5.0% of the population of Penrith. 68.2% of people were born in Australia, compared to the national average of 66.7%; the next most common countries of birth are England 3.8%, India 2.5%, New Zealand 1.9%, Philippines 1.7% and China 1.4%.

Nearly half, 47.2% of residential properties in Penrith are free standing houses, 28.5% are semi-detached (row or terrace houses, townhouses etc.) and 23.8% are flats, units or apartments.

Report Created July 2018

Click here to download the full 21 page Penrith Suburb Report as a pdf.

 

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