Penrith Property Market Report Q2 2026: Prices, Rents and Yields

Sources: CoreLogic via YIP (May 2026), HtAG Analytics (June 2026), PropertyValue.com.au

House Prices in the Penrith Property Market

In Penrith, the median property price for a house is currently $1,090,000 with annual capital growth of 14.98%. There were 142 house sales in the past 12 months. On average, houses spend 20 days on market.

Separate data from PropertyValue.com.au puts the median house price slightly higher at $1.1 million, with a median price change of 14.36% over the past year and 143 houses sold with an average of 22 days to sell. Vendor discounting averaged -3.1%, indicating sellers are achieving close to their asking price in the current market.

HtAG Analytics, drawing on a broader council-level dataset, reports a typical Penrith house price of $1,232,041 with a median weekly rent of $629, yielding 2.65%. The IRSAD socio-economic score for Penrith stands at 986, reflecting a stable environment supportive of capital growth, though affordability remains stretched — an estimated 53 years would be required to pay off a typical Penrith property under standard mortgage conditions.

South Penrith — A Stronger Growth Pocket

South Penrith continues to outperform the broader Penrith market on key growth metrics. In South Penrith, the median property price for a house is currently $1,100,000 to $1,301,221 (depending on data source), with annual capital growth of 14.58%. There were 174 house sales in the past 12 months, with houses spending an average of just 11 days on market — among the fastest-selling pockets in the Penrith LGA.

South Penrith’s supply remains tight — the area shows very low stock on market and short days on market, with an average hold period exceeding 11 years among current owners. Affordability is stretched at an estimated 60 years to own, a structural constraint that increases the suburb’s profile as a long-term capital growth play rather than an immediate cash-flow investment.

Unit Market in Penrith

In Penrith, the median property price for a unit is currently $590,000 to $600,000 with annual capital growth of 4.35%. There were 499 unit sales in the past 12 months — more than three times the number of house sales, reflecting Penrith’s significant unit and apartment market. On average, units spend 27 days on market.

Penrith’s strata percentage sits at 41.4% of all properties, indicating a substantial apartment market that attracts first home buyers, downsizers and investors seeking lower-maintenance properties.

In South Penrith, the median unit price is notably higher at $802,000, with stronger annual capital growth of 6.93%. South Penrith units sold faster too, averaging just 8 days on market across 21 sales in the past 12 months — though this smaller sales volume reflects a more limited unit stock in the suburb compared to Penrith proper.

Penrith Rental Market Report

Rental yields for houses in Penrith are currently in the 2.65% to 3.20% range, with an average median rent of $610 to $629 per week, depending on the data source and time period referenced. For units, rental yields are stronger at 4.87% to 4.94%, with a median weekly rent of $570.

This yield differential is consistent with the broader Western Sydney pattern — houses deliver lower yield but stronger capital growth, while units deliver materially stronger cash flow at a lower entry price point.

South Penrith Rental Data

In South Penrith, rental yields for houses are currently 3.41% with an average median rent of $640 weekly — slightly stronger than the Penrith-wide house yield. For units, South Penrith rental yields sit at 3.95% with a median weekly rent of $540.

Demand and Supply Indicators

Penrith’s property market exhibits a balanced supply-demand dynamic in Q2 2026. Stock on market sits at 0.69% — a neutral supply indicator — while inventory measured at 0.64 months is notably tight, suggesting properties sell quickly once listed. Days on market at 28 days further confirms efficient absorption of current stock, supporting price stability.

South Penrith shows even tighter conditions: stock on market at 0.28% and inventory of just 1.56 months sit firmly in the low-supply, opportune band for sellers — supporting continued price resilience in this pocket of the Penrith LGA.

Demographic Snapshot — Penrith

Understanding who lives in Penrith helps explain demand patterns across the rental and sales markets. The total adult population of Penrith is 15,284, with a median age of 36. Of this population, 30.96% are married, 45.87% are single, 16.76% are divorced or separated, and 6.46% are widowed.

The average household size in Penrith is 2.1 people per dwelling, with a median household monthly income estimated at $7,400. The median monthly mortgage repayment for Penrith households is $1,783 — representing 24.09% of household income, a manageable proportion by typical lending standards.

South Penrith presents a different demographic profile, skewing towards established families: households are primarily couples with children, with a median household income of $1,574 per week as at the most recent ABS data — notably higher than the broader Penrith figure, consistent with South Penrith’s stronger price and growth performance.

What This Means for Penrith Landlords

Rental demand remains structurally strong. With sales volume heavily weighted towards units (499 sales vs 142 house sales over the past 12 months), Penrith’s rental market continues to be anchored by a deep, active unit segment — supporting consistent tenant demand for property managers operating in this space.

Yields favour units for cash flow. At 4.87% to 4.94% gross yield, Penrith units significantly outperform houses (2.65% to 3.20%) on a pure income basis. Landlords prioritising rental income over capital growth should weight their portfolio towards the unit market.

Days on market confirm a healthy leasing environment. With unit sales averaging 27 days on market and house sales 20 to 22 days, well-presented, accurately priced properties continue to transact efficiently — a positive signal for both buyers and landlords seeking to minimise vacancy when listing for rent.

What This Means for Penrith Buyers and Investors

Houses suit long-term, well-capitalised investors. Use a selective approach: target well-located family houses, employ a buyers agent to secure off-market opportunities, and plan for multi-year holds. For buyers needing immediate positive cash flow or low leverage sensitivity, Penrith houses are less attractive unless acquisition price or value-add potential improves the yield profile.

South Penrith commands a premium for good reason. Tight established supply, short days on market, and high holding periods collectively support price resilience in South Penrith. However, low gross yields and stretched affordability make it a poor choice for investors who need immediate rental income or who operate with thin serviceability buffers.

Units offer the more accessible entry point. At a median of $590,000 to $600,000, Penrith units sit comfortably within the FHBAS stamp duty exemption threshold of $800,000 — a meaningful consideration for first home buyers. For a full breakdown of stamp duty savings available, read our First Home Buyer Stamp Duty NSW 2026 guide.

Penrith vs Western Sydney — How It Compares