Penrose is a quiet locality in New South Wales within the Wingecarribee local government area (postcode 2579). With a population of 263, the suburb has an older demographic with a median age of 55. Households earn a median income of $57K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Penrose is $800,000, having dropped significantly 15.8% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,580.
Penrose is served by 1 school, including 1 primary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Wingecarribee LGA is low at 1,458 incidents per 100,000 population.
From an investment perspective, Penrose offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved -15.8% year-on-year.
Penrose is a quiet locality in New South Wales within the Wingecarribee local government area (postcode 2579). With a population of 263, the suburb has an older demographic with a median age of 55. Households earn a median income of $57K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Penrose is $800,000, having dropped significantly 15.8% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,580.
Penrose is served by 1 school, including 1 primary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Wingecarribee LGA is low at 1,458 incidents per 100,000 population.
From an investment perspective, Penrose offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved -15.8% year-on-year.