With second-generation buyers flocking, South Penrith is an area in demand.
A snapshot of South Penrith
- Population: 11,640
- Postcode: 2750
- Area: 2,288km2
- Local Govt Area: Penrith City Council
- State Electorate: Penrith
- Federal Division: Lindsay
- Surrounding suburbs: Penrith, Jamisontown, Kingswood, Glenmore Park and Orchard Hills
An established residential area immediately south of the thriving metropolis of Penrith, South Penrith is located within the boundaries of the Northern Road and M4 Western Motorway.
Conveniently located only 55km from the Sydney CBD, the region initially consisted purely of orchards, dairy farms and vineyards. It also housed a former racecourse that is now known as Jamison Park, the area’s central location for year-round sporting activities.
A family affair: After being subdivided in the 1970s, South Penrith became the ideal destination for families. Not only was it close to Penrith City, but also within walking distance to schools, shops and amenities.
The area currently boasts a young demographic of predominantly 25-30 year-olds, with 53.7% of the 11,640-strong population consisting of couples and families. The largest segment of the population is in full-time employment, with a diverse mix of administrative staff, tradesmen and professionals.
Understandably, over 50% of the population consists of couples and families due to the varied choice of public and private educational opportunities. York, Jamisontown and Penrith South Public Schools cater for the younger children, while Nepean and Jamison High Schools cater for Years 7 to 12. Those who prefer private education can select the Catholic educational experience provided by St Mary MacKillop.
Convenience:Central to South Penrith is the newly-renovated Southlands Shopping Centre, with convenient access via both car (over 300 parking spaces are available) and public transport (bus stops are in close walking proximity). Boasting over 20 specialty destinations, the centre caters for everything from retail and dining through to medical, beauty and healthcare.
South Penrith is also characterised by its physical accessibility – residents and visitors have easy access via wide roads with ample parking, a public bus system, and well-maintained cycling and walking paths.
A safe investment: Over the last decade the area has continued to thrive. Over the last 12 months in particular, South Penrith has developed into an incredibly high-demand market – undoubtedly a result of accessibility, affordability and value-for-money.
Second-generation buyers are flooding the market. With a predominantly young demographic, the average mortgage payment in South Penrith is between $1,800 and $2,400 per month, and the year-to-date median property price sits at $405,000. This accessible entry into the property market, as well as the convenience to schools, shops, parks and transport, has resulted in the area being not only increasingly desirable, but also well-positioned as the ideal area for investment in Greater Western Sydney.