Pennant Hills

POSTAL CODE: NSW, 2120
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Property investors have seen a -2.63% drop in PENNANT HILLS based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains PENNANT HILLS, 2120 saw average growth in the long term.

The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,098,400

Profits averaged 4.67% per annum over a 3-year period, due to an upward trend in home prices in PENNANT HILLS, 2120.

This means, real estate investors could earn a rental income of $792.5 based on current median home prices for the suburb.

The gross rental yield in PENNANT HILLS, 2120 is 1.96%.

An average of 6.5 real estate transactions take place per month in PENNANT HILLS which translates to 78 per annum.

Surburb overview

Pennant Hills is a residential suburb situated approximately 18 kilometres north-west of Sydney's central business district, within the Hornsby Shire local government area. Leafy streets, established homes, and proximity to natural bushland reserves characterise the suburb.

As per the 2021 Census, Pennant Hills had a population of 7,588 residents. The demographic profile indicates that 57.0% of the population was born in Australia, with significant communities originating from China (8.4%), India (4.4%), England (3.1%), Korea (2.9%), and Hong Kong (2.8%). Languages spoken at home include English (60.6%), Mandarin (9.3%), Cantonese (5.8%), Korean (3.6%), and Hindi (1.9%). The median age was 43 years, slightly above the national median of 38 years. 

Public transportation in Pennant Hills is facilitated by the Pennant Hills railway station, located on the Northern Line of the Sydney Trains network, providing access to the Sydney CBD and other areas. Bus services operated by CDC NSW connect the suburb to neighbouring regions, including West Pennant Hills, Castle Hill, and Cherrybrook.

Essential establishments in the suburb include the Pennant Hills Marketplace shopping centre, located on Hillcrest Road, which offers a range of retail outlets and services. The area also hosts several churches, such as St. Agatha's Catholic Church, St. Mark's Anglican Church, and the Danish Church in Australia.

Recreational activities are supported by various parks and reserves. Pennant Hills Park is a significant sportsground complex featuring facilities for Australian Football, cricket, tennis, netball, rugby union, football, hockey, and archery. The suburb is also bordered by the Lane Cove National Park and the Berowra Valley National Park, offering extensive walking tracks, including sections of the Great North Walk.

The housing landscape in Pennant Hills predominantly consists of separate houses, with recent developments introducing modern apartments and office towers along Pennant Hills Road. The suburb's blend of residential character, accessibility, and proximity to natural reserves contributes to its appeal as a family-friendly locale.

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