Median price · 7 years
Rolling 12-month median, all dwellings
$830,000+7.4% past 12 months
2020202120222023202420252026
Penrith
Strong outlook Growth score 74 Top 18% of sample
Risk score 30 Low · lower is better
Stability score 79 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Strong · 75
Listing scarcity15% Strong · 78
Rental demand14% Strong · 90
Days on market12% Strong · 71
Infrastructure investment11% Strong · 85
Jobs access10% Moderate · 54
Population growth8% Strong · 86
Income growth7% Weak · 47
New supply pressure5% · negative Elevated · 49
Key metrics vs benchmarks
NSW column is the sample-state average; national is the whole sample.
| Metric | Penrith | NSW | National |
|---|---|---|---|
| Median price | $830,000 | $875,000 | $734,203 |
| 12-month growth | +7.4% | +7.3% | +8.4% |
| Gross rental yield | 3.0% | 3.3% | 4.0% |
| Vacancy rate | 0.6% | 1.3% | 1.3% |
| Days on market | 31 | 36 | 31 |
| Auction clearance | 68% | 67% | 62% |
| New supply pipeline | Elevated | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
30Low risk
New supply pipelineApproved dwellings vs existing stock Moderate · 49
Employment concentrationShare of jobs in the top two industries Low · 22
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 15
Vacancy pressureCurrent vacancy vs 2% threshold Low · 11
Hazard exposureFlood, bushfire and storm surge overlays Low · 27
Who lives here
ABS Census, latest release, aggregated to suburb
13,295population 34median age 55%owner-occupied 45%renting
Owner-occupiedRenting
Penrith is the gateway to Western Sydney with a $3.7B development pipeline in 2025. Proximity to the new Western Sydney Airport, Nepean Hospital expansion, and strong population growth are driving demand. Vacancy rates of just 0.6% reflect extremely tight rental supply.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Western Sydney Airport proximity (opening 2026)
- Nepean Hospital $1B expansion
- Penrith City Centre $3.7B pipeline
- Panthers Entertainment precinct
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