South Penrith suburb profile
South Penrith is a family-friendly suburb located in the Greater Western Sydney region, approximately 55km from Sydney's CBD. Known for its peaceful residential streets and community-oriented atmosphere, South Penrith offers a mix of modern homes and established properties. The suburb is well-serviced by local amenities, including schools, parks, and shopping centers, making it an ideal location for families and professionals. With easy access to the M4 motorway and public transport options, residents enjoy convenient connectivity to the broader Sydney area. South Penrith's welcoming environment and suburban charm continue to attract those seeking a balanced lifestyle.
South Penrith property market performance
South Penrith’s property market has shown robust growth over the past 12 months, with house values increasing by 12.9% and unit values rising by 11.9%. The median house price has reached $1 million, while units have averaged $745,000, indicating strong demand across both property types.
Sales activity has been active, with 37 houses and 10 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 12 days on the market and units even faster at 8 days, reflecting high buyer interest.
The rental market in South Penrith has also experienced growth, with average rents for houses increasing by 6.1% and units by 2.6% over the last 12 months, suggesting a steady demand for rental properties in the area.
Median price - houses$1MPast 3 months
Median price - units$745KPast 3 months
Change in value - houses12.9%12 months
Change in value - units11.9%12 months
Houses sold37Past 3 months
Units sold10Past 3 months
Median DOM - houses12Past 12 months
Median DOM - units8Past 12 months
Average rent - houses$605Past 12 months
Average rent - units$488Past 12 months
Change in rent - houses6.1%Past 12 months
Change in rent - units2.6%Past 12 months
South Penrith demographics
South Penrith, located in the Greater Western Sydney region, is a suburb that offers a balanced lifestyle with its blend of urban amenities and suburban tranquility. With a population of 12,005 and a median age of 37, it is a community that caters to families, professionals, and retirees alike. The suburb's proximity to the Penrith CBD provides residents with easy access to shopping, dining, and recreational facilities, making it a convenient place to live.
The suburb is characterized by a strong family presence, with 43.8% of households being couple families with children and 33.8% being couple families without children. This family-oriented environment is complemented by a significant proportion of one-parent families, which make up 21.1% of the community. The diverse family structures contribute to a supportive and inclusive community atmosphere.
In terms of housing, South Penrith offers a mix of ownership and rental options. A substantial 31.7% of properties are owned outright, while 37.5% are owned with a mortgage, indicating a stable housing market with opportunities for both new buyers and long-term residents. Additionally, 30.8% of properties are rented, providing flexibility for those who prefer not to commit to home ownership. The suburb's median total household income of $1,870 per week reflects its economic diversity and the opportunities available for residents to thrive.
South Penrith infrastructure, key developments and investment opportunities
South Penrith is undergoing several developments that may impact its property market. The suburb is seeing upgrades to local schools, with the completion of expansions at South Penrith Public School enhancing educational facilities. Additionally, improvements to public transport infrastructure, including upgrades to bus services and connections to Penrith CBD, aim to increase accessibility and potentially boost property desirability.
The area is benefiting from broader infrastructure projects in the Penrith region, such as the development of the new Western Sydney Airport and associated road upgrades. These projects are likely to create job opportunities and improve connectivity, potentially increasing demand for housing in South Penrith. The suburb's proximity to Jamison Park, a major recreational facility, and ongoing enhancements to local amenities continue to make South Penrith an attractive option for families and investors in Western Sydney.
South Penrith rental market trends
The rental market in South Penrith has experienced moderate growth, with house rents increasing by 6.1% over the past year to $605 per week, while unit rents have seen a smaller rise of 2.6% to $488 per week. This steady growth reflects the suburb's appeal, offering a balanced mix of affordability and accessibility for both renters and investors.
Suburbs near South Penrith
Some popular suburbs near South Penrith include: