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Penrith, NSW 2750
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,110,000
market range $1.1M-$1.1M
Median Unit
$620,000
market range $575K-$700K
Gross Yield (houses)
3.0%
1yr Growth (houses)
+10.6%
market range +5.0% to +17.5%
Investment snapshot for Penrith
Penrith has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Penrith market and investor summary
Penrith (NSW 2750) runs a median house price of $1.1M, with houses yielding a gross 3.0%. House prices have moved +10.6% over the past year. At 1.2% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Penrith: people, income and schools
Penrith is home to around 17,966 people, and the area has been growing steadily, up about 7% over five years. The median age is 36, broadly working-age, with renters making up 60% of households. That renter share gives landlords a deep tenant pool to draw on through the year.
Households here earn a median of about $73,000 a year, or roughly $1,400 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 15.3 times local household income, so affordability is a genuine constraint on local buyers.
There are 41 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 49 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 64 for walkability and 97 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 17,966
- +7% over 5yr
- Median age
- 36 years
- Median household income
- $73,000/yr
- Households renting
- 60%
- Family households
- 54%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 41
- avg ICSEA 1109
- Unemployment
- 3.9%
- Distance to CBD
- 49 km
- Walk score
- 64/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Penrith
View all →Frequently asked questions about Penrith
What should I check before investing in Penrith?
Penrith has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +10.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Penrith?
The median property price in Penrith, NSW 2750 is $1.1M for houses and $620K for units.
What rental yield does Penrith show?
The gross rental yield in Penrith is 3.0% for houses and 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Penrith?
House prices in Penrith are up 10.6% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Penrith?
The current vacancy rate in Penrith is 1.2%. 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 Penrith?
Penrith has a population of approximately 17,966 residents, with a median age of 36.
What schools are near Penrith?
There are 41 schools within roughly 5km of Penrith. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Penrith affordable to buy in?
A median house in Penrith costs about 15.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Penrith's population growing?
The population of Penrith has grown about 7% 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 Penrith from the CBD?
Penrith is about 49 km from the CBD.
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