Penrith City Council, NSW

The City of Penrith is a local government area located in the metropolitan Sydney. It is positioned about 50 kilometres west of Sydney’s central business area. The property market in Penrith is expected to remain strong through this year and next. This is due to the increase of new housing developments, job opportunities and major infrastructure projects.

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Penrith is well positioned for development and growth. It’s located between two major upcoming cities, putting it in a prime position to be a focal point of economic development. To build a dynamic city that can provide a range of world-class services, the city of Greater Penrith has been established as a health and education hub that contributes to a sustainable economic community.

In the past years, Penrith has seen a ‘ripple effect’ from the growth in property prices in most Sydney suburbs. The area also has high levels of housing demand and almost no availability – be it rental or purchase so it is becoming progressively more expensive.

In Penrith, the most prevalent jobs are Clerical and Administrative Workers (17.8%), Professionals (14.8%), Technicians and Trades Workers (14.8%), Machinery Operators and Drivers (10.8%), and Community and Personal Service Workers (10.5%). In Penrith, the typical weekly personal income for residents aged 15 years and older is $728.

In Penrith, 81.5 % of occupied private residences are detached houses, 11.8 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 6.0 % are flats or apartments, and 0.4 % are other dwellings.

Penrith is a vibrant market in Sydney that remains affordable for savvy investors. This compares favourably with other parts of the city where prices are much higher. Explore the data for Penrith suburbs using the interactive dashboard on this page.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
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Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
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Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
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Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
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DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
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Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Penrith City Council, NSW

What other property markets are there near Penrith City Council, NSW?

Penrith City Council is surrounded by 6 other council areas – Blacktown, Wollondilly, Fairfield, Blue Mountains, Liverpool, Hawkesbury.

Suburbs/localities in this Local Government Area: Cranebrook 2749, Emu Heights 2750, Emu Plains 2750, Erskine Park 2759, Glenmore Park 2745, Jamisontown 2750, Agnes Banks 2753, Kingswood 2747, Leonay 2750, Llandilo 2747, Londonderry 2753, Mount Vernon 2178, Mulgoa 2745, North St Marys 2760, Berkshire Park 2765, Orchard Hills 2748, Oxley Park 2760, Penrith 2750, Regentville 2745, South Penrith 2750, St Clair 2759, St Marys 2760, Werrington 2747, Werrington County 2747, Werrington Downs 2747, Jordan Springs 2747, Caddens 2747, Cambridge Gardens 2747, Cambridge Park 2747, Castlereagh 2749, Claremont Meadows 2747, Colyton 2760

2 thoughts on “Penrith City Council, NSW”

  1. Are you a real estate professional with an extensive knowledge of the Penrith Council property market? Our members would love to hear from you! What is the market outlook for Penrith from your point of view? Share your insights in a comment below.

  2. Penrith property market as seen some substantial growth in the last 15 years. Penrith population as of 2020 (ABS statistics) is 216,282. Its demographic is nearly analogous with that of the Greater Sydney region in that most of its population is within the 25-45 bracket (young workforce, parents and home builders).

    The interesting thing about Penrith, however, is that its younger population, from 1 to 17 is greater in comparison to the rest of the Sydney suggesting that demand for a particular property type (for example, a 4-bedroom house) could be greater in Penrith than surrounding suburbs. This can also be seen when referring to the Penrith’s demand profile page on HtAG platform which highlights that 3- and 4-bedroom homes and in highest demand.

    On top of this, Penrith’s ageing or senior population is diminishing and is smaller than the rest of the Sydney. This suggests that all things being equal, Penrith should have an above average demands for property in the years to come. This is confirmed by looking at the forecast graphs on HtAG platform—both capital growth and medium rent are highlighted as increasing from Q3 2021 to Q3 2021.

    The overall growth for the entire Penrith LGA in Q3 2023 is forecasted at about 6%. With a typical price of $785K, Penrith remains one of the top investment areas in Western Sydney with North St Marys, NSW 2760 leading the way as the top suburb in Penrith Council.

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