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Penrith City Council, NSW

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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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Suburb Heatmap Analysis

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.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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No Rent Data
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it 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.

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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