Penshurst is a small community in Victoria within the Southern Grampians local government area (postcode 3289). With a population of 677, the suburb has a mature demographic with a median age of 51. Households earn a median income of $53K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Penshurst is $300,000, having declined 3.2% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $825.
Penshurst is served by 2 schools, including 2 primary. The average ICSEA score is 975, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Southern Grampians LGA is moderate at 7,662 incidents per 100,000 population.
From an investment perspective, Penshurst offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($300K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved -3.2% year-on-year.
Penshurst is a small community in Victoria within the Southern Grampians local government area (postcode 3289). With a population of 677, the suburb has a mature demographic with a median age of 51. Households earn a median income of $53K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Penshurst is $300,000, having declined 3.2% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $825.
Penshurst is served by 2 schools, including 2 primary. The average ICSEA score is 975, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Southern Grampians LGA is moderate at 7,662 incidents per 100,000 population.
From an investment perspective, Penshurst offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($300K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved -3.2% year-on-year.