AREA REPORTS

Penola

Suburb Profile

Penola - FREE SUBURB PROFILE REPORT

POSTAL CODE: SA,5277

house

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $207,500.

The upward trend in home prices in PENOLA, 5277 averaged 0.41% per annum over a 3-year period.

Average weekly rents on listings have reached the $220 mark, reflecting a 5.51% increase in returns based on the current median price in PENOLA.

An average of 2.25 real estate transactions take place per month in PENOLA which translates to 27 per annum.

27 properties were sold in PENOLA in 2016, making it the 267th most active market in SA based on total real estate transactions.

PENOLA, 5277 places 171st 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	$207,500	N/A
GROWTH REPORT
Median Quarterly	1.22%	N/A
Median 12 month	-11.89%	N/A
Median 3 years	1.22%	N/A
Median 5 years	-1.19%	N/A
10 years average annual	1.43%	N/A
Weekly media advert. rent	$220	N/A
Time on Market	199.4 days	N/A
Gross Rental Yield Percent	5.51%	N/A

demographics (median values)

Total Population

1509

Weekly Household Income

837.7

Household Size

2.40

demographics

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