Thinking about buying in Penguin? Now could not be a better time, with 2303 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $377,000 with prices in this suburb ranging from $15,000 to $3,314,000. Penguin is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Penguin Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Penguin due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Penguin classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Penguin necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Penguin

	2 PARK AV, PENGUIN, TAS, 7316				Expressions of Interest
	14 YAXLEY ST, PENGUIN, TAS, 7316	3	1	2	Offers over $415,000
	125 DIAL RD, PENGUIN, TAS, 7316	4	3	2	Offers over $950,000
	156 SOUTH RD, PENGUIN, TAS, 7316				Offers over $249,000
	7 ADINA CT, PENGUIN, TAS, 7316	4	2	1	Offers Over $675,000
	29 BERKSHIRE PDE, PENGUIN, TAS, 7316	4	2	3	Offers over $895,000
	60 DEVIATION RD, PENGUIN, TAS, 7316	4	2	2	$750,000
	82 WHITE HILLS RD, PENGUIN, TAS, 7316	5	3	3	$1,475,000
	UNIT 2, 46 HALES ST, PENGUIN, TAS, 7316	4	2	2	$665,000
	82 SOUTH RD, PENGUIN, TAS, 7316				Offers Over $250,000
	1 WEST RIDGE RD, PENGUIN, TAS, 7316	3	3	2	$950,000
	109A SOUTH RD, PENGUIN, TAS, 7316	5	2	1	Offers Over $949,000
	UNIT 1, 13 BERKSHIRE PDE, PENGUIN, TAS, 7316	2	2	1	Offers Over $499,000
	20 SEASIDE CR, PENGUIN, TAS, 7316	2	2	3	Offers over $875,000
	54A MAIN RD, PENGUIN, TAS, 7316	4	2	3	$895,000
	56 IRONCLIFFE RD, PENGUIN, TAS, 7316	3	1		$475,000
	16 BERKSHIRE PDE, PENGUIN, TAS, 7316	3	2	2	$569,000
	UNIT 2, 3 HAYWARD ST, PENGUIN, TAS, 7316	2	1	1	Offers Over $425,000
	683 PENGUIN RD, PENGUIN, TAS, 7316	4	2	8	$5,950,000
	4 MORTIMER RD, PENGUIN, TAS, 7316	3	2	1	$850,000
	UNIT 11, 99 MAIN RD, PENGUIN, TAS, 7316	5	2	3	Expressions of Interest
	17 PINELEIGH ST, PENGUIN, TAS, 7316	3	1	2	$545,000
	30 BOWMAN DR, PENGUIN, TAS, 7316	3	2	3	$745,000
	851 IRONCLIFFE RD, PENGUIN, TAS, 7316	9	5	5	$2,400,000
	6 LONG ST, PENGUIN, TAS, 7316	2	1	1	$465,000
	UNIT 1, 6 BROWNS LANE, PENGUIN, TAS, 7316				$385,000
	16 SOUTH RD, PENGUIN, TAS, 7316				$175,000
	84 SOUTH RD, PENGUIN, TAS, 7316	4	2	1	Offers over $950,000
	1 DIAL RD, PENGUIN, TAS, 7316				$320,000
	ABERFOYLE, 14 MAIN RD, PENGUIN, TAS, 7316	4	1	2	Offers Over $850,000
	16 COMMONWEALTH CT, PENGUIN, TAS, 7316	3	1	3	Offers Over $550,000
	68 SOUTH RD, PENGUIN, TAS, 7316	4	2	2	Offers Over $499,000 Considered

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