What is the true cost of buying an apartment in Penshurst?

The median apartment in Penshurst is $650,000. Including stamp duty ($23,780), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $51,944, or $4,329/month.

What does it really cost to buy a house in Penshurst?

The median house in Penshurst is $1,320,000. True first-year cost including stamp duty ($55,010), rates, insurance, maintenance, and mortgage repayments is approximately $91,800.

What is the vacancy rate in Penshurst?

Penshurst currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Penshurst

2222 NSW · 18km to CBD

Stable

A decision, not just a search · Penshurst

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Penshurst is a well-established suburb in Sydney's St George region, approximately 18km south of the CBD. Known for its multicultural community with significant Asian populations, the suburb offers excellent transport connectivity via Penshurst railway station on the T4 line, providing direct access to the city in around 35 minutes. The area features a diverse housing mix including apartments, townhouses and detached homes, making it attractive to first home buyers, young families and investors seeking affordability without sacrificing accessibility. With median house prices around $1.3 million and units at $650,000, Penshurst represents good value compared to inner Sydney suburbs while maintaining strong growth potential. The suburb benefits from proximity to major shopping precincts in Mortdale and Hurstville, quality local amenities including parks and recreational facilities, and a strong sense of community through local sporting clubs and community groups. Recent infrastructure improvements and ongoing development in surrounding areas position Penshurst well for continued growth, particularly appealing to those seeking a family-friendly environment with excellent transport links and cultural diversity.

Excellent transport connectivity with direct rail access to Sydney CBDAffordable housing options compared to inner Sydney suburbsStrong multicultural community with diverse dining and cultural offeringsClose proximity to major shopping and entertainment precinctsGood mix of housing types catering to various buyer segments

Market Snapshot

Median House

$1.3M

+9.2% 1yr

Median Apartment

$650K

+7.8% 1yr

Median Townhouse

$950K

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.1%

Yield (House)

3.2%

Auction Clearance

72%

Population

12,500

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$4,329/mo

Purchase Price

$650,000

Stamp Duty

$23,780

1st Year Total

$51,944

House

$7,650/mo

Purchase Price

$1,320,000

Stamp Duty

$55,010

1st Year Total

$91,800

Townhouse

$5,646/mo

Purchase Price

$950,000

Stamp Duty

$37,280

1st Year Total

$67,748

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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