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Kellyville vs Penshurst

Property investment comparison - Kellyville, NSW 2155 vs Penshurst, NSW 2222

Head-to-head across core investment metrics: Kellyville wins 1, Penshurst wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricKellyvillePenshurst
Median house price$2.0M$2.0M
Median unit price$820K$765K
Gross rental yield (houses)2.56%-
Gross rental yield (units)4.74%4.36%
1-year house growth+1.9%estimate+6.5%
3-year house growth-+7.4%
Vacancy rate2.1%1.4%
Population27,01112,592

Kellyville vs Penshurst: what the numbers say

The median house price is $2.0M in Kellyville and $2.0M in Penshurst, so Penshurst is the cheaper entry point, with Kellyville houses about 1% dearer.

For units, Kellyville sits at a median of $820K against $765K in Penshurst, which makes Penshurst the more affordable unit market and Kellyville the pricier one.

Over the past year house prices moved +1.9% in Kellyville (an estimate) and +6.5% in Penshurst, so recent momentum favours Penshurst, although both suburbs recorded growth.

Rental vacancy is 1.4% in Penshurst and 2.1% in Kellyville, so landlords in Penshurst face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kellyville is the bigger suburb, with a population of 27,011 against 12,592, roughly 2.1 times the size of Penshurst; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Penshurst for a lower purchase price, Penshurst for recent price momentum, Penshurst for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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