Penguin is a smaller suburb in Tasmania within the Central Coast (Tas.) local government area (postcode 7316). With a population of 4,132, the suburb has a mature demographic with a median age of 47. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Penguin is $613,000, having grown strongly 5.7% over the past year. Units have a median price of $430,000 (-15.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.8%. 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.
From an investment perspective, Penguin offers a gross rental yield of 3.8%, rated 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.
Penguin is a smaller suburb in Tasmania within the Central Coast (Tas.) local government area (postcode 7316). With a population of 4,132, the suburb has a mature demographic with a median age of 47. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Penguin is $613,000, having grown strongly 5.7% over the past year. Units have a median price of $430,000 (-15.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.8%. 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.
From an investment perspective, Penguin offers a gross rental yield of 3.8%, rated 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.