Get a property report and suburb profile for any property in South Penrith

South Penrith has established, tree-lined streets and easy access to the Nepean River foreshore. It attracts families and downsizers who prefer single-storey brick homes alongside pockets of newer townhouses. Parks, sporting fields and river walking tracks are nearby, and everyday shopping and services are available locally and in nearby Penrith city centre. Penrith train station and major arterial roads provide commuting options.

About 12,005 people live in South Penrith; the median age is 37 and median total household income is $1,870 a week (roughly $97,240 a year). Couple families account for 77.6% of families while one-parent families are 21.1%. Around 69.2% of homes are owner-occupied and 30.8% are rented. The area also benefits from transport and local upgrades, recent platform and accessibility improvements at Penrith station, ongoing health works nearby, and a substantially renovated South Penrith Neighbourhood Centre.

Buying is the standout here. A median house price of $1,125,000 in South Penrith works out to about 11.6 times a typical local annual household income at the last Census (1870 a week, or $97,240 a year). The household income figure is from the most recent Census while the prices and rents are current.

On the rental side, a house renting for $650 a week would take about 34.8% of a typical local household's weekly income at the last Census, a sizeable share, while a unit renting for $500 a week would take about 26.7%, a moderate share. On these figures buying sits much further above local incomes than renting does; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past year house values in South Penrith climbed 14.0%, a strong increase. House rents rose 4.8% over the same period, a moderate gain, so for houses the price rise clearly outpaced rental growth this year.

Unit rents also rose, up 4.2% over the year, a moderate increase; if rental income is your priority those rent figures are the most relevant. Whether that balance makes South Penrith the right investment for you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.