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Penfield, SA 5121
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,545,000
market range $975K-$1.6M
Median Unit
$610,000
market range $300K-$625K
Gross Yield (units)
4.7%
1yr Growth
-
Investment snapshot for Penfield
Penfield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Penfield market and investor summary
Penfield (SA 5121) runs a median house price of $1.5M. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking. Houses also take time to sell, around 138 days on market, so plan for a slower exit if you ever need one.
Living in Penfield: people, income and schools
Penfield has a resident population of roughly 422, and the area has been growing steadily, up about 61% over five years. The median age is 70, an older, established demographic, and 82% 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 $34,000 a year, or roughly $650 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 5 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 26 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 422
- +61% over 5yr
- Median age
- 70 years
- Median household income
- $34,000/yr
- Households renting
- 12%
- Family households
- 48%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 965
- Unemployment
- 5.2%
- Distance to CBD
- 26 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
No properties currently listed in Penfield
Search Penfield listings →Frequently asked questions about Penfield
What should I check before investing in Penfield?
Penfield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Penfield?
The median property price in Penfield, SA 5121 is $1.5M for houses and $610K for units.
What rental yield does Penfield show?
The gross rental yield in Penfield is 4.7% for units. 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?
The current vacancy rate in Penfield is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Penfield?
Penfield has a population of approximately 422 residents, with a median age of 70.
What schools are near Penfield?
There are 5 schools within roughly 5km of Penfield. 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's population growing?
The population of Penfield 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 from the CBD?
Penfield is about 26 km from the CBD.
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