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Pennyroyal, VIC 3235
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,185,000
list-price estimate
Median Unit
$1,040,000
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Pennyroyal
Pennyroyal has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pennyroyal market and investor summary
In Pennyroyal, VIC 3235, houses show a gross rental yield of 2.9%. At 5.0% 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 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 213 days on market, so plan for a slower exit if you ever need one.
Living in Pennyroyal: people, income and schools
Pennyroyal is home to around 110 people, and the area has been growing steadily, up about 11% over five years. The median age is 47, skewed a little older, and families account for 72% of households.
Households here earn a median of about $100,000 a year, or roughly $1,920 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). Incomes have risen about 34% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 110
- +11% over 5yr
- Median age
- 47 years
- Median household income
- $100,000/yr
- Households renting
- 30%
- Family households
- 72%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1044
- Unemployment
- 2.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Pennyroyal
No properties currently listed in Pennyroyal
Search Pennyroyal listings →Frequently asked questions about Pennyroyal
What should I check before investing in Pennyroyal?
Pennyroyal 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 are typical property prices in Pennyroyal?
The median property price in Pennyroyal, VIC 3235 is $1.0M for units.
What rental yield does Pennyroyal show?
The gross rental yield in Pennyroyal is 2.9% 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 Pennyroyal?
The current vacancy rate in Pennyroyal is 5.0%. 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 Pennyroyal?
Pennyroyal has a population of approximately 110 residents, with a median age of 47.
What schools are near Pennyroyal?
There are 1 school within roughly 5km of Pennyroyal. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Pennyroyal's population growing?
The population of Pennyroyal has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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