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Penfield Gardens, SA 5121
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$720,000
list-price estimate
Median Unit
$395,000
list-price estimate
Gross Yield (houses)
2.8%
1yr Growth
-
Investment snapshot for Penfield Gardens
Penfield Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Penfield Gardens market and investor summary
In Penfield Gardens, SA 5121, houses show a gross rental yield of 2.8%. At 2.7% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 302 days on market, so plan for a slower exit if you ever need one.
Living in Penfield Gardens: people, income and schools
Penfield Gardens is home to around 304 people, and the area has been growing steadily, up about 61% over five years. The median age is 48, skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $83,000 a year, or roughly $1,590 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There are 3 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 30 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 304
- +61% over 5yr
- Median age
- 48 years
- Median household income
- $83,000/yr
- Households renting
- 10%
- Family households
- 83%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 992
- Unemployment
- 5.2%
- Distance to CBD
- 30 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Penfield Gardens
No properties currently listed in Penfield Gardens
Search Penfield Gardens listings →Frequently asked questions about Penfield Gardens
What should I check before investing in Penfield Gardens?
Penfield Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What rental yield does Penfield Gardens show?
The gross rental yield in Penfield Gardens is 2.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Penfield Gardens?
The current vacancy rate in Penfield Gardens is 2.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Penfield Gardens?
Penfield Gardens has a population of approximately 304 residents, with a median age of 48.
What schools are near Penfield Gardens?
There are 3 schools within roughly 5km of Penfield Gardens. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Penfield Gardens's population growing?
The population of Penfield Gardens has grown about 61% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Penfield Gardens from the CBD?
Penfield Gardens is about 30 km from the CBD.
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