Pennington is a smaller suburb in South Australia within the Charles Sturt local government area (postcode 5013). With a population of 3,773, the suburb has an established demographic with a median age of 41. Households earn a median income of $66K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Pennington is $920,000, having surged 15% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,517.
Pennington is served by 1 school, including 1 primary. The average ICSEA score is 934, which is below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Charles Sturt LGA is higher than average at 9,117 incidents per 100,000 population.
From an investment perspective, Pennington offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($920K/$950K). The price-to-income ratio of 13.9x is considered stretched. House prices have moved +15.0% year-on-year.
Pennington is a smaller suburb in South Australia within the Charles Sturt local government area (postcode 5013). With a population of 3,773, the suburb has an established demographic with a median age of 41. Households earn a median income of $66K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Vietnamese.
The median house price in Pennington is $920,000, having surged 15% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,517.
Pennington is served by 1 school, including 1 primary. The average ICSEA score is 934, which is below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Charles Sturt LGA is higher than average at 9,117 incidents per 100,000 population.
From an investment perspective, Pennington offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($920K/$950K). The price-to-income ratio of 13.9x is considered stretched. House prices have moved +15.0% year-on-year.