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Penola
AREA REPORTS

Penola

Penola - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5277

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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 $255,000.

The upward trend in home prices in PENOLA, 5277 averaged 9.17% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in PENOLA.

An average of 4.83 real estate transactions take place per month in PENOLA which translates to 58 per annum.

58 properties were sold in PENOLA in 2016, making it the 105th most active market in SA based on total real estate transactions.

PENOLA, 5277 places 173rd in Australia based on median property value growth during the quarter.

Data report can be found below

Penola
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $255,000 N/A
GROWTH REPORT
Median Quarterly 7.82% N/A
Median 12 month 21.43% N/A
Median 3 years 27.5% N/A
Median 5 years 16.97% N/A
10 years average annual 3.34% N/A
Weekly media advert. rent N/A N/A
Time on Market 74.3 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
2914
Weekly Household Income
1077
Household Size
2.30
Age
44
Monthly Loan Repayment
867
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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