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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Penola, the median property price for a house is currently 435,000 with annual capital growth of 26.09 . There were 39 house sales in the past 12 months. On average, houses spend 72 days on market.
Houses have seen -0.57 growth in the past quarter, and 26.09 growth in the past 12 months.
The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2011 was 1,706 people. By 2016 the population was 1,571 showing a population decline of 7.9% in the area during that time. The predominant age group in Penola is 60-69 years.
Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a labourer occupation. In 2011, 70.7% of the homes in Penola were owner-occupied compared with 67.4% in 2016.
There were 3 unit sales in the past 12 months.
The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2011 was 1,706 people. By 2016 the population was 1,571 showing a population decline of 7.9% in the area during that time. The predominant age group in Penola is 60-69 years.
Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a labourer occupation. In 2011, 70.7% of the homes in Penola were owner-occupied compared with 67.4% in 2016.
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| Key Market Data | House | Unit |
| Median price | 435,000 | – |
| Quarterly growth | -0.57 | – |
| 12-month growth | +26.09 | – |
| Average annual growth | +13.35 | – |
| Weekly median rent | – | – |
| Gross rental yield | 4.40 | 5.67 |
| Number of Sales (12m) | 39 | 3 |
| Avg. Days on Market (12m) | 72 | – |
| Key Demographics | 2011 | 2016 |
| Total population | 1,706 | 1,571 |
| Population change (5y) | +12.53 | -7.90 |
| Median household income (p/w) | 996 | 1,177 |
| Household income change (5y) | +13.44 | +18.17 |
| Median age of persons | 41 | 44 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Penola was 1,571 in 2016, a -7.90 change compared to 2011.
The predominant age group in Penola is 60-69 years.
The population of Penola was 1,571 in 2016, a -7.90 change compared to 2011.
The predominant age group in Penola is 40-49 years.
Most of the population in Penola were born in Australia.
Most of the population in Penola were born in Australia.
Most of the population in Penola report their religion as No Religion.
Most of the population in Penola report their religion as No Religion.
Most of the population in Penola report their income range as between 78,000 and 130,000 .
The median household income in Penola was 1,177 in 2016, a +18.17 change compared to 2011.
Most of the population in Penola report their income range as between 31,000 and 52,000 .
The median household income in Penola was 996 in 2011, a +13.44 change compared to 2006.
Most of the population in Penola work as Labourer.
Most of the population in Penola work as Managers.
The chart below demonstrates the various levels of education in Penola.
The chart below demonstrates the various levels of education in Penola.
Most of the population in Penola reached a qualification level of Certificate.
Most of the population in Penola reached a qualification level of Certificate.
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