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Penfield suburb profile

Penfield is a suburb located in the northern outskirts of Adelaide, South Australia, known for its blend of rural and residential landscapes. It offers a peaceful environment with a mix of agricultural land and residential developments, making it appealing to those seeking a quieter lifestyle. The suburb is part of the City of Playford and benefits from its proximity to key amenities and services in nearby suburbs. Penfield's location provides easy access to major roads, facilitating convenient travel to Adelaide's city center and other regions. Its tranquil setting and growing community make it an attractive option for families and individuals looking for a balance between urban and rural living.

Penfield property market performance

Penfield's property market has shown no significant activity or change over the past 12 months. Both house and unit values have remained stable, with no change in median prices. The suburb has seen minimal sales activity, with no houses sold and only one unit transaction recorded in the past year.

There is no available data on the median days on market for houses or units, indicating a lack of transactions. Additionally, rental prices for both houses and units have not experienced any change, reflecting a stagnant rental market in Penfield.

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Penfield demographics

Penfield, located in South Australia, is a small and serene suburb with a population of just 422 residents. Known for its tranquil environment, Penfield is an ideal location for retirees and those seeking a peaceful lifestyle away from the hustle and bustle of city life. The median age of 70 highlights its appeal to older residents, many of whom have chosen to settle here for its quiet charm and community feel.

The suburb's demographic is predominantly composed of couple families without children, making up 76.5% of the family structure. This is indicative of a community that values privacy and a slower pace of life. With a median total household income of $653 per week, Penfield offers an affordable living option for those on a fixed income, such as retirees.

Property ownership in Penfield is largely characterized by stability, with 80.6% of homes owned outright. This high rate of outright ownership reflects the long-term commitment of its residents to the area. Only a small percentage of properties are rented, at 12.4%, which further underscores the suburb's appeal to those looking for a permanent residence. The limited number of properties owned with a mortgage, at 7.0%, suggests a community that is financially secure and settled.

Suburbs near Penfield

Some popular suburbs near Penfield include:

  • Eyre: Known for its new residential developments and community parks, Eyre is located directly north of Penfield.
  • Davoren Park: Featuring a mix of older homes and new estates, Davoren Park is situated to the west of Penfield.
  • Elizabeth North: Known for its affordable housing and proximity to shopping centers, Elizabeth North lies southwest of Penfield.
  • Elizabeth South: Offering a blend of industrial and residential areas, Elizabeth South is located to the south of Penfield.
  • Elizabeth: Known for its central business district and diverse community, Elizabeth is situated to the south of Penfield.

How does Penfield compare to nearby suburbs?

    Choose the right real estate agents in Penfield

    Currently, there are 6 real estate agents working in Penfield—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

    Only 5 out of these 6 agents sold 91.7% of all properties in Penfield over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

    Real estate agents in Penfield typically charge a commission of 1.5% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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