All About Penrose, Wollongong, NSW, 2530

Penrose, located in the Wingecarribee region of New South Wales, is a quaint and serene village that offers a unique blend of rural charm and accessibility to natural attractions, which significantly influences its housing market. The area is characterized by larger plots of land, often accompanied by picturesque landscapes of the surrounding Southern Highlands, making it attractive for those seeking a peaceful lifestyle away from the metropolitan hustle and bustle. The housing market in Penrose tends to attract buyers looking for holiday homes, retirees, or those interested in small-scale farming and hobby properties. Property prices have generally been more moderate compared to urban centers, making it an appealing destination for those who value space and tranquility. However, the rising interest in regional living, accelerated by the recent remote work trends, has begun to influence property values upward, indicating a vibrant yet stable market dynamic.

Living in Penrose offers a unique lifestyle defined by its close-knit community and the tranquility of country living. Residents revel in the abundance of natural beauty and outdoor activities, from bushwalking and birdwatching in the Penrose State Forest to exploring the broader offerings of the Southern Highlands with its wineries, gardens, and cultural events. The village itself, though small, fosters a strong sense of community through local gatherings and events, providing a welcoming atmosphere for newcomers. Essential amenities are accessible, although some may require a short drive to neighboring towns such as Bundanoon or Moss Vale, which offer more extensive retail and recreational facilities. This lifestyle is particularly appealing to those who prioritize peace, self-sufficiency, and a slower pace of life, enriching their everyday experience with the simple pleasures of the natural environment.

Penrose Real Estate Market Outlook

Thinking about buying in Penrose? Now could not be a better time, with just 145 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $5,153,000 with prices in this suburb ranging from $779,000 to $5,681,000.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Penrose is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Penrose provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Penrose necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!