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AREA REPORTS

Panania

Suburb Profile

Panania - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2213

house
unit

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

The 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 $935,000.

The downward trend in home prices in PANANIA, 2213 averaged -0.87% per annum over a 3-year period.

Average weekly rents on listings have reached the $630 mark, reflecting a 3.5% increase in returns based on the current median price in PANANIA.

An average of 15 real estate transactions take place per month in PANANIA which translates to 180 per annum.

180 properties were sold in PANANIA in 2016, making it the 935th most active market in NSW based on total real estate transactions.

PANANIA, 2213 places 405th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $935,000 $751,300
GROWTH REPORT
Median Quarterly 2.75% 0%
Median 12 month -0.53% 4.71%
Median 3 years -2.6% 7.02%
Median 5 years 18.73% 23.16%
10 years average annual 6.86% 7.86%
Weekly media advert. rent $630 $450
Time on Market 47.7 days 27.5 days
Gross Rental Yield Percent 3.5% 3.11%
demographics (median values)
Total Population
10990
Weekly Household Income
1075
Household Size
2.70
demographics
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