Thinking about buying in Penshurst? Now could not be a better time, with 7464 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,229,000 with prices in this suburb ranging from $28,000 to $6,644,000. Penshurst is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $510.83 |
Median Monthly Mortgage | $2523.41 |
Median Persons Per Bedroom | 0.93 |
Average Household Size | 2.79 |
Average Age | 40.03 |
Average Income | $846.31 |
Average Cars Per Dwelling | 1.53 |
Average Properties Within 50M | 58 |
1 Bed  $698,000 |
2 Bed  $860,000 |
3 Bed  $1,816,000 |
4 Bed  $2,229,000 |
5 Bed  $2,691,000 |
6 Bed+$2,751,000 |
Consistent high demand relative to supply is a key feature in Penshurst driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Penshurst due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Penshurst provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Penshurst to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Penshurst the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
38 burchett st, penshurst, vic, 3289 | 3 | 1 | 3 | $395,000 |
Hurstville Grove Infants School
Penshurst Public School
Georges River College Penshurst Girls Campus
St Declan's Catholic Primary School
Marist Catholic College Penshurst
Beverly Hills Public School
Penshurst West Public School
Hurstville South Public School
Carinya School
Woniora Road School
(While the above schools are located with the suburb of Penshurst there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.7 | 11.7 | 28.2 | 29.5 | 91.0 | 5.5 | 24.7 |
Feb | 0.9 | 12.1 | 26.9 | 35.7 | 91.2 | 5.4 | 21.2 |
Mar | 1.2 | 10.6 | 23.7 | 40.9 | 92.6 | 5.2 | 16.6 |
Apr | 1.6 | 8.7 | 19.6 | 48.6 | 93.1 | 4.6 | 11.7 |
May | 2.1 | 6.8 | 15.3 | 62.1 | 94.9 | 4.8 | 8.7 |
Jun | 4.0 | 4.8 | 12.9 | 69.6 | 96.6 | 4.6 | 7.5 |
Jul | 2.6 | 4.8 | 12.3 | 71.0 | 96.8 | 5.3 | 7.5 |
Aug | 2.4 | 4.6 | 13.1 | 61.9 | 94.8 | 5.4 | 10.1 |
Sept | 2.1 | 5.9 | 15.6 | 55.2 | 94.4 | 5.4 | 14.4 |
Oct | 1.7 | 7.0 | 19.0 | 50.7 | 94.5 | 5.2 | 18.9 |
Nov | 1.3 | 8.4 | 22.0 | 43.2 | 94.3 | 5.2 | 22.2 |
Dec | 1.0 | 9.8 | 25.1 | 36.1 | 92.2 | 5.4 | 26.1 |
source: Australian Government Bureau of Meteorology
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