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Penola

Suburb Profile

Penola - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5277

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PENOLA, 5277 ranks 3rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 48.61% for property investors.

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 $240,000.

The upward trend in home prices in PENOLA, 5277 averaged 5.88% per annum over a 3-year period.

Average weekly rents on listings have reached the $230 mark, reflecting a 4.98% increase in returns based on the current median price in PENOLA.

An average of 2.92 real estate transactions take place per month in PENOLA which translates to 35 per annum.

35 properties were sold in PENOLA in 2016, making it the 216th most active market in SA based on total real estate transactions.

PENOLA, 5277 places 4th 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 $240,000 N/A
GROWTH REPORT
Median Quarterly 21.52% N/A
Median 12 month 48.61% N/A
Median 3 years 17.65% N/A
Median 5 years 48.15% N/A
10 years average annual 6.97% N/A
Weekly media advert. rent $230 N/A
Time on Market 139.5 days N/A
Gross Rental Yield Percent 4.98% N/A
demographics (median values)
Total Population
1509
Weekly Household Income
837.7
Household Size
2.40
demographics
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