Penong, located in the unincorporated areas of South Australia, is known for its rural charm and close-knit community atmosphere. The housing market in Penong is characterized by more affordable options compared to urban centers. Homes typically range from traditional Australian cottages to more modern constructions, offering potential buyers and renters a range of choices that fit various needs and budgets. The area attracts those looking for a quieter lifestyle, away from the bustling city environments, yet still accessible to essential services.
Living in Penong provides residents with a unique blend of tranquility and adventure. This small town offers a welcoming community where neighbors often know each other, making it an ideal place for those interested in a tight-knit, supportive environment. Outdoor enthusiasts can take advantage of nearby attractions, such as Cactus Beach, famous for its surfing, and the stunning salt lakes in the area. The pace of life in Penong is relaxed, offering an appealing lifestyle for those who appreciate nature and community spirit over the hustle and bustle of city living.
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Thinking about buying in Penong? Now could not be a better time, with just 377 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $376,000 with prices in this suburb ranging from $188,000 to $464,000. Penong is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
In Penong there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Penong due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Penong leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Penong to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Penong the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationLot 54 Roberts Road, Penong, SA, 5690 | $65,000 |
Penong Primary School
(While the above schools are located with the suburb of Penong there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
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Jan | 0.7 | 16.4 | 30.0 | 36.4 | 84.8 | 6.2 | 26.9 |
Feb | 0.8 | 15.8 | 29.0 | 39.7 | 86.4 | 5.8 | 24.8 |
Mar | 0.5 | 13.9 | 26.6 | 42.4 | 89.4 | 5.3 | 20.3 |
Apr | 0.4 | 11.2 | 25.3 | 37.3 | 88.5 | 4.7 | 16.2 |
May | 1.1 | 8.8 | 21.3 | 43.2 | 91.1 | 4.3 | 12.4 |
Jun | 1.4 | 6.7 | 18.2 | 49.3 | 93.9 | 4.4 | 10.8 |
Jul | 1.0 | 6.2 | 18.1 | 47.2 | 93.9 | 4.6 | 11.1 |
Aug | 0.7 | 6.0 | 19.4 | 41.8 | 93.7 | 4.8 | 14.2 |
Sept | 0.6 | 8.6 | 23.4 | 33.1 | 89.1 | 5.6 | 19.5 |
Oct | 0.7 | 11.2 | 26.3 | 29 | 84.6 | 6.0 | 23.2 |
Nov | 0.4 | 12.8 | 27 | 35.4 | 86.6 | 6.1 | 25.8 |
Dec | 0.6 | 14.8 | 28.8 | 34.0 | 83.7 | 6.1 | 28.0 |
source: Australian Government Bureau of Meteorology
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