Penrith Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q3 2025, Penrith* recorded a median house price of $1,103,750, and a median unit price of $671,000. This represents an annual (Q3 2024 – Q3 2025) price growth of 9.0% for houses and 3.7% for units. Comparing Q3 2024 – Q3 2025, sales declined by -5.0% for houses (to 614 sales in Q3 2025) but increased by 6.3% for units (to 404 sales in Q3 2025). There is an undersupply of houses and a high demand for units, which created a buffer against higher interest rates; hence price growth. Thus, now is an ideal time for owners to capitalise on their investments. With only very few new houses planned in 2025, buyers must act fast.
CHANGE FROM LAST
YEAR
Penrith will see approximately $2.0B of new projects commencing in 2025.
Residential $46.5M Commercial
HALF YEAR
Mixed-Use Projects $920.6M
HOUSE SALE S HOUSE ME DIAN PRICE
$548.1M Industrial $32.6M
Infrastructure $475.9M
HOUSE RE NTAL PRICE
UNIT SALE S
A combination of infrastructure and mixeduse projects will stimulate economic growth and create new job opportunities in Penrith; and improve liveability for residents. This has a spill-over impact on the real estate market, in terms of more demand for housing stock.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Across 2025 there are several projects that will add more housing stock, such as:
$
•
Mayfair Mixed Use Development (286 Apartments/Shops/Office).
MARKET CONDITIONS
•
Mulgoa Road & Ransley Street Mixed Use Development (178 Apartments).
SALES
•
Thornton Drive Mixed-Use Project (273 Apartments/ Commercial).
MEDIAN PRICE Q3 2025
$1.1M
$671K
MEDIAN PRICE Q3 2025
$650
AVERAGE DAYS ON MARKET Q3 2025
37
46
HOUSE
U N I T
RENTALS
$560
Although there is a significant number of units planned, this will take time to build. With only very few new houses in the pipeline, property prices are likely to continue increasing in the short-term.
AVERAGE DAYS ON MARKET Q3 2025
17
15
HOUSE
U N I T
1,023 Units/ Apartments
21 Townhouses
4 Dwellings
333 Lots