Thinking about buying in Penrith? Now could not be a better time, with 17740 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,819,000 with prices in this suburb ranging from $30,000 to $787,520,000. The aproximate distance to the coast is 45 Km.
Median Weekly Rent | $389.22 |
Median Monthly Mortgage | $1803.59 |
Median Persons Per Bedroom | 0.84 |
Average Household Size | 2.25 |
Average Age | 36.44 |
Average Income | $840.06 |
Average Cars Per Dwelling | 1.28 |
Average Properties Within 50M | 106 |
1 Bed  $649,000 |
2 Bed  $679,000 |
3 Bed  $956,000 |
4 Bed  $1,229,000 |
5 Bed  $1,391,000 |
6 Bed+$2,273,000 |
In Penrith 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. Low average incomes in Penrith is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Penrith provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Penrith to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Penrith we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Penrith a better buying opportunity than it may have been in the past.
Penrith, a city situated in Greater Western Sydney, New South Wales, lies on the banks of the Nepean River. It is the administrative capital of its eponymous local government area, the City of Penrith. It is one of just 4 cities within the Greater Sydney region. First settled in 1804, the origins of its name are a subject of debate. One popular story is that it was named for the town of Penrith in Cumbria by a man who noticed some similarities between the two cities; another is that it is a corruption of Penryhn, a name which may have come from a ship carrying women convicts from England. As a major commercial hub, Penrith contains two shopping centres and is densely populated by shops, restaurants and other outlets.
As both a city in its own right and a suburb of Sydney, being just 55 kilometres from its central business district, Penrith is a bustling centre of commerce, business and culture. The North Shore and Western line runs through Penrith Station, connecting the city to Sydney directly, and access by road to the city is provided by the Great Western Highway among other major roads. Penrith is well connected, well serviced and full of opportunity and excitement.
Kingswood Park Public School
Penrith Public School
Penrith High School
St Nicholas of Myra Primary School
Penrith Lakes Environmental Education Centre
Penrith South Public School
St Dominic's College
Cambridge Gardens Public School
McCarthy Catholic College (Emu Plains)
Kingswood South Public School
(While the above schools are located with the suburb of Penrith 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 | |
---|---|---|---|---|---|---|---|
Jan | 2.5 | 18.6 | 31.6 | 42.2 | 94.3 | 2.9 | 22.2 |
Feb | 3.5 | 18.0 | 29.7 | 46.2 | 95.1 | 2.7 | 18.8 |
Mar | 4.6 | 15.9 | 27 | 49.9 | 96.0 | 2.4 | 15.5 |
Apr | 2.2 | 12.2 | 24.6 | 47.4 | 96.7 | 2.0 | 14.0 |
May | 1.1 | 7.2 | 21.1 | 46.9 | 96.7 | 1.7 | 11.4 |
Jun | 2.3 | 5.8 | 18.0 | 54.2 | 97 | 1.9 | 9.2 |
Jul | 0.6 | 3.7 | 18.6 | 43.9 | 94.7 | 2.2 | 10.7 |
Aug | 1.1 | 4.3 | 20.0 | 37.8 | 92.8 | 2.6 | 13.2 |
Sept | 1.1 | 7.6 | 23.2 | 34.5 | 93.2 | 2.9 | 17.3 |
Oct | 1.5 | 11.6 | 25.3 | 38.7 | 94.1 | 2.8 | 19.7 |
Nov | 2.3 | 14.8 | 28.2 | 39.9 | 94.1 | 2.9 | 22.6 |
Dec | 2.6 | 16.6 | 29.8 | 39.9 | 94.3 | 3 | 23.7 |
source: Australian Government Bureau of Meteorology
06-06-2024 | $454,000 | 16 / 282 HIGH ST |
06-06-2024 | $1,310,000 | 35 EVAN ST |
04-06-2024 | $520,000 | 242 / 25 HOPE ST |
04-06-2024 | $424,000 | 2 / 217 DERBY ST |
04-06-2024 | $659,255 | 24 / 132 COREEN AVE |
04-06-2024 | $850,000 | 22 SHERWOOD CCT |
04-06-2024 | $518,000 | 324 / 10 RANSLEY ST BUILDING D |
03-06-2024 | $1,150,000 | 16 CERES ST |
03-06-2024 | $2,375,000 | 92 LADBURY AVE |
03-06-2024 | $640,000 | 224 / 1 LORD SHEFFIELD CCT |
03-06-2024 | $994,000 | 40 SYDNEY SMITH DR |
03-06-2024 | $515,000 | 10 / 12 HOPE ST |
31-05-2024 | $330,000 | 403 / 60 LORD SHEFFIELD CCT |
31-05-2024 | $550,000 | 15 / 144 HIGH ST |
31-05-2024 | $742,000 | 10 / 132 COREEN AVE |
31-05-2024 | $840,000 | 12 KAREELA AVE |
31-05-2024 | $200,000 | 18 / 17 HAYNES ST |
27-05-2024 | $600,000 | 68 / 12 VISTA ST |
27-05-2024 | $400,000 | 17 / 165 DERBY ST |
24-05-2024 | $700,000 | 6 / 23 PEACHTREE RD |
24-05-2024 | $642,500 | 424 / 1 LORD SHEFFIELD CCT |
23-05-2024 | $1,130,000 | 27 PELSART AVE |
22-05-2024 | $2,557,500 | 63 UNION RD |
21-05-2024 | $455,000 | 15 / 40 BARBER AVE |
21-05-2024 | $535,000 | 10 / 19 THURSTON ST |
20-05-2024 | $950,000 | 28 RODLEY AVE |
20-05-2024 | $668,000 | 4 / 151 COX AVE |
20-05-2024 | $780,000 | 606 / 10 RANSLEY ST BUILDING A |
17-05-2024 | $800,000 | 1010 / 8 AVIATORS WAY |
16-05-2024 | $315,000 | 18 / 37 MULGOA RD |
16-05-2024 | $710,000 | 1 / 12 HAYNES ST |
16-05-2024 | $660,000 | 103 / 60 LORD SHEFFIELD CCT |
15-05-2024 | $433,000 | 9 / 205 DERBY ST |
15-05-2024 | $898,000 | 106 COPELAND ST |
14-05-2024 | $573,500 | 34 / 50 RODLEY AVE |
10-05-2024 | $620,000 | 807 / 10 AVIATORS WAY |
10-05-2024 | $570,000 | 25 / 50 RODLEY AVE |
10-05-2024 | $1,215,000 | 4 SCULLIN PL |
09-05-2024 | $1,150,000 | 196 STAFFORD ST |
09-05-2024 | $435,000 | 409 / 8 AVIATORS WAY |
09-05-2024 | $820,000 | 3 / 131 STAFFORD ST |
08-05-2024 | $425,000 | 1 / 128 LETHBRIDGE ST |
07-05-2024 | $582,000 | 205 / 36 BARBER AVE |
07-05-2024 | $615,000 | 1007 / 8 AVIATORS WAY |
06-05-2024 | $300,000 | 66 / 37 MULGOA RD |
06-05-2024 | $519,000 | 13 / 14 HENRY ST |
06-05-2024 | $986,000 | 34 EMPIRE CCT |
06-05-2024 | $549,000 | 42 / 83 UNION RD |
06-05-2024 | $504,000 | 5 / 8 JOHN TIPPING GR |
03-05-2024 | $360,500 | 21 / 458 UNION LANE |
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