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Penola suburb profile

Penola is a historic service town in South Australia’s Limestone Coast that sits at the centre of a mixed farming and wine-producing district. Its compact, heritage main street is lined with stone and timber buildings, cafés, a local pub and small galleries, while residential streets mix old colonial cottages with more recent family homes on generous blocks. Penola is known for its links to Saint Mary MacKillop and the Josephite order, making it a pilgrimage as well as a community hub, and it provides easy road access to nearby Coonawarra cellar doors and the wildlife of Bool Lagoon.

Penola property market performance

Like many smaller suburbs, Penola sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values have risen sharply, up 23.3% over the last 12 months.

Sales activity was light: 6 houses sold over the last 3 months, and houses sold in a median of 104 days over the last 12 months.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
23.3%N/A
Sold
Past 3 months
6N/A
Median days on market
Past 12 months
104N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Penola demographics

Families make up the bulk of households here. Couple families without children are the largest group at 50.1%, while couple families with children account for 38.6%. One-parent families represent 11.2% of all families.

This is a community of 1,622 people with a median age of 47. The typical household has a median weekly income of $1,369 a week, roughly $71,200 a year.

Homes in Penola are mostly owner-occupied, with about three in four residences owned either outright (42.1%) or with a mortgage (34.3%). Renters make up 23.6% of dwellings in Penola.

Suburbs near Penola

Some popular suburbs near Penola include:

  • Nangwarry: Small farming community in the Limestone Coast, surrounded by farmland and eucalyptus.
  • Kalangadoo: Established village with a mix of farmland and forested hills.
  • Tarpeena: A compact town with pine plantations and a strong local identity.
  • Mount Burr: Known for pine plantations and hilly forest country around Mount Burr.
  • Glencoe: Rural locality in South Australia's Limestone Coast, with open grazing country.

How does Penola compare to nearby suburbs?

  • Selling speed for houses: Properties in nearby Nangwarry are selling 39.4% faster than in Penola.

Choose the right real estate agents in Penola

Choosing the right real estate agent in Penola can have a big impact on your sale. While there are 8 real estate agents working in the suburb, but just 5 of them were responsible for 90.3% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.5% to 3.13%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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