2/3 Victoria Avenue, Penshurst NSW 2222

Penshurst’s demand is anchored by the 27-minute Illawarra Line commute, Hurstville’s $1 billion redevelopment boosting retail and entertainment, and a family-friendly blend of schools, parks and local shops that keeps owner-occupiers committed. House prices around $2.0 million have delivered roughly 10% annual growth while units sit near $703k with flat to slightly negative movement, and the past quarter’s modest softening simply reflects a pause in a broadly steady six-month backdrop. Low vacancy below 1% and rental yields near 2.5% on houses (higher for units) keep investors cautious, yet the infrastructure upgrades and amenity investment sustain growth potential while limiting downside to the relatively thin margins on new stock.