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Penshurst, NSW 2222

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Penshurst, NSW 2222 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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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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.

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0 thoughts on “Penshurst, NSW 2222”

  1. The total adult population (15 years or older) of Penshurst 2222 NSW is 10,681, with a median age of 38. Of those, 51.64% are married, 10.80% are divorced or separated, 32.97% are single and 4.46% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,360. The median monthly mortgage repayment for households in this suburb is $2,167 which is 25.92% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of New South Wales, the suburb of Penshurst, with postcode 2222, boasts approximately 5789 households. As per the Q3 2023 statistics, the typical house price in Penshurst sits at a robust $1,661,341. These homes generally invite a median weekly rent of $675. As a result, property investors can anticipate an indicative yield of 2.11%.

    Characterised by a socio-economic standard amongst the top tier within the country, Penshurst holds an IRSAD score of 1036 out of 1217. This indication of wealth distribution and access to resources within the suburb is a significant attraction to potential investors.

    However, the renter to owner ratio stands at 37%, painting a market with considerable rental competition. Similarly, a high units-to-houses ratio of 61% could signal unit oversupply, which could perhaps lead to competition among landlords vying for tenants. This trend could potentially affect rent yields in the area negatively.

    With an affordability index at 78 years, acquiring a home in Penshurst may prove challenging for numerous potential buyers. This index measures the time needed to completely own a property taking into account factors such as housing prices, median family income, and interest rates, assuming a standard 30-year mortgage.

    The supply side portrays a positive image with low stock levels and a stock-on-market percentage for houses at 0.21%. Additionally, a relatively low inventory level at 1.0 months implies the market can absorb new listings swiftly, indicating a strong buyer’s market. The building approvals ratio, another vital supply metric, is also within a favourable range at 1.01%, suggesting limited supply of new residential building stock.

    With houses spending an average of 20 days on the market, the demand for properties in Penshurst appears strong. Furthermore, a vacancy rate combining houses and units at just 0.89% illustrates high occupancy levels, supporting the strong demand narrative. Lastly, the buy search index for houses sits at 4, indicating a decent amount of interest from prospective buyers.

    However, as a savvy investor, remember that it’s essential to continually monitor the property market’s ongoing developments in high-performing suburbs like Penshurst. You should be watchful of not just current numbers but also the trend of these metrics over time. Tools like the RCS (Relative Composite Score) developed by HtAG Analytics can further simplify this task, providing automated research based on over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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