Located in Tasmania within the Central Coast (Tas.) local government area, Penguin is a compact suburb (postcode 7316). The area has roughly 4,132 residents and an older-leaning population, with a median age of 47. Households earn a median income of $68K per year, with an average household size of 2.3 people. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Scottish.
Median house prices in Penguin stand at $613,000, having risen solidly by 5.7% over the last twelve months. Units have a median price of $430,000 (-15.7% YoY). The current median weekly rent is $437. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,300.
Penguin is served by 2 schools, including 2 combined. The average ICSEA score is 972, which is around the national average of 1,000. Public transport access includes 24 bus stops.
On the investment side, The gross rental yield works out to roughly 3.7%, which reads as moderate yield. Property prices are near the state median ($613K/$750K). The price-to-income ratio of 9.1x is considered moderate. House prices have moved +5.7% year-on-year.