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Penrith Suburb Insights
VICLocation Information
Suburb Name
Penrith, VIC
Distance from CBD
24 kmDemographics
Population
13,295
Median Income
$32,240
Area Information
Area
12.2 km²
Population Density
1090 people/km²
Property Market
Median Price
$807,291
Annual Growth
+17.5%Property Price Trend Analysis
Current Median Price
$807,291
Annual Growth
+17.5%
Quarterly Growth
+1.6%
Price Trends - Last 6 Months
2024-01
$1,023,915
+10.4%2024-02
$991,984
+4.9%2024-03
$672,384
+5.2%2024-04
$755,158
+14.5%2024-05
$672,635
+8.2%2024-06
$977,280
+14.5%Property Type Price Analysis
House
Median Price
$1,517,332
Growth Rate
+10.4%Available Listings
218 properties
Apartment
Median Price
$666,517
Growth Rate
+16.7%Available Listings
475 properties
Townhouse
Median Price
$771,871
Growth Rate
+7.2%Available Listings
101 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy