Mount Vernon (postcode 2178) is a close-knit residential community in New South Wales within the Penrith local government area. With a population of 1,235, the suburb has an established demographic with a median age of 40. Households earn a median income of $165K per year, with an average household size of 3.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are clerical & administrative, managers, professionals. Employment in the area leans toward construction and retail trade. The top ancestries reported are Italian, Australian, English.
The median house price in Mount Vernon is $3.6 million, having climbed sharply by 21.2% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $3,000.
Public transport access includes 10 bus stops. The crime rate in the Penrith LGA is below average at 3,984 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 0.9% (low yield). Property prices are above the state median ($3.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.0x is considered stretched. House prices have moved +21.2% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.