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Penna, TAS 7171
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$795,000
list-price estimate
Median Unit
$530,000
Gross Yield (houses)
3.5%
1yr Growth
-
Investment snapshot for Penna
Penna has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Penna market and investor summary
In Penna, TAS 7171, houses show a gross rental yield of 3.5%. At 5.4% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.5% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.4% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Penna: people, income and schools
Penna is home to around 437 people, and the area has been growing steadily, up about 10% over five years. The median age is 49, skewed a little older, and 91% 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 $87,000 a year, or roughly $1,670 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 18% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing below the national school average on ICSEA. It is roughly 20 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 437
- +10% over 5yr
- Median age
- 49 years
- Median household income
- $87,000/yr
- Households renting
- 9%
- Family households
- 88%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 943
- Unemployment
- 3.8%
- Distance to CBD
- 20 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 Penna
No properties currently listed in Penna
Search Penna listings →Frequently asked questions about Penna
What should I check before investing in Penna?
Penna has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Penna?
The median property price in Penna, TAS 7171 is $530K for units.
What rental yield does Penna show?
The gross rental yield in Penna is 3.5% for houses and 4.5% 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 Penna?
The current vacancy rate in Penna is 5.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Penna?
Penna has a population of approximately 437 residents, with a median age of 49.
What schools are near Penna?
There are 2 schools within roughly 5km of Penna. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Penna's population growing?
The population of Penna has grown about 10% 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 Penna from the CBD?
Penna is about 20 km from the CBD.
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