Penola

POSTAL CODE: SA, 5277
HOUSE

PENOLA, 5277 ranks 42nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 41.84% 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 $500,000.

The upward trend in home prices in PENOLA, 5277 averaged 18.75% per annum over a 3-year period.

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

An average of 3.17 real estate transactions take place per month in PENOLA which translates to 38 per annum.

38 properties were sold in PENOLA in 2016, making it the 187th most active market in SA based on total real estate transactions.

PENOLA, 5277 places 19th in Australia based on median property value growth during the quarter.

Surburb overview

Penola is a historic town located approximately 388 kilometres southeast of Adelaide, in the heart of South Australia's renowned wine region, the Limestone Coast. It falls under the Wattle Range Council and is well-connected via the Riddoch Highway, making it accessible to both Adelaide and nearby regional centres such as Mount Gambier, which is about 50 kilometres away.

With a population of around 1,300 residents, Penola is known for its rich history, charming streetscapes, and close-knit community. The town is particularly famous for its association with Saint Mary MacKillop, Australia’s first canonised saint, who co-founded the Sisters of Saint Joseph here in 1866. Visitors can explore the Mary MacKillop Penola Centre, a key historical and cultural site in the area. The town features a mix of heritage-listed buildings and more modern homes, contributing to its appeal for families, retirees, and those seeking a rural lifestyle.

Essential services in Penola include a range of local shops, cafes, and grocery stores, with additional amenities located in nearby towns such as Mount Gambier. Penola offers medical services through its local health centre, while larger healthcare facilities are available in Mount Gambier. The town also has a primary school, and Penola High School caters to secondary students, making it an attractive option for families.

Recreational opportunities are abundant in Penola, with its location in the Coonawarra wine region offering residents and visitors easy access to some of Australia’s best-known wineries. Wine tasting and gourmet dining are popular activities in the area. For outdoor enthusiasts, Penola Conservation Park provides opportunities for bushwalking and birdwatching. The town’s parks and reserves, such as McCorquindale Park, are perfect for picnics, sports, and community events.

Penola’s blend of historical significance, natural beauty, and access to one of Australia’s premier wine regions makes it a unique and appealing location for those seeking a relaxed, rural lifestyle with strong cultural and community ties.

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