Penola is a small community in South Australia within the Wattle Range local government area (postcode 5277). With a population of 1,622, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $180,000. The current median weekly rent is $340. This gives a gross rental yield of approximately 9.8%. The median monthly mortgage repayment is $1,050.
Penola is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 980, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Wattle Range LGA is low at 1,788 incidents per 100,000 population.
From an investment perspective, Penola offers a gross rental yield of 9.8%, rated as high yield. Property prices sit below the state median ($180K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +0.0% year-on-year.
Penola is a small community in South Australia within the Wattle Range local government area (postcode 5277). With a population of 1,622, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $180,000. The current median weekly rent is $340. This gives a gross rental yield of approximately 9.8%. The median monthly mortgage repayment is $1,050.
Penola is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 980, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Wattle Range LGA is low at 1,788 incidents per 100,000 population.
From an investment perspective, Penola offers a gross rental yield of 9.8%, rated as high yield. Property prices sit below the state median ($180K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +0.0% year-on-year.