Penrose vs St Georges Basin
Property investment comparison - Penrose, NSW 2530 vs St Georges Basin, NSW 2540
Head-to-head across core investment metrics: Penrose wins 3, St Georges Basin wins 0. 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.
| Metric | Penrose | St Georges Basin |
|---|---|---|
| Median house price | $835K | $835K |
| Median unit price | $645K | - |
| Gross rental yield (houses) | 4.29% | 3.99% |
| Gross rental yield (units) | 5.28% | 4.73% |
| 1-year house growth | - | +5.0%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.5% | 2.6% |
| Population | 263 | 3,215 |
Penrose vs St Georges Basin: what the numbers say
Houses cost about the same in both suburbs: the median house price is $835K in Penrose and $835K in St Georges Basin.
On cash flow, Penrose leads: houses there return a gross rental yield of 4.29%, compared with 3.99% in St Georges Basin, a gap of 0.30 percentage points.
Rental vacancy is 0.5% in Penrose and 2.6% in St Georges Basin, so landlords in Penrose face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
St Georges Basin is the bigger suburb, with a population of 3,215 against 263, roughly 12 times the size of Penrose; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Penrose for rental income, Penrose 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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St Georges Basin, NSW 2540
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