Pennington is an affordable inner-west suburb undergoing accelerating gentrification, attracting first home buyers and yield-focused investors with its competitive pricing, direct train access, and proximity to the growing Bowden and Woodville renewal corridors. Strong multicultural dining culture and improving infrastructure are driving consistent above-average price growth. At the current $640k median house price, an 80% loan at 6.25% over 30 years is about $3,152 per month.
| Median house price | $640,000 |
|---|---|
| Median unit price | $392,000 |
| Estimated monthly repayment | $3,152 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6% |
| Gross rental yield | 5.7% |
| Typical days on market | 25 |
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