Pemulwuy – NSW
Pemulwuy NSW 2145, is located 30km west of Sydney’s CBD in the local government area of the Cumberland Council. With access to various neighbouring schools and shopping centres, including the Pemulwuy Marketplace, the suburb’s demographic contains households of couples with children aged between 30-39 years old.
With the predominate of individuals in Pemulwuy working in a professional occupation, they are likely to be repaying $3,000-$3,999 per month on mortgage repayments. In 2011, 79.5% of the homes in Pemulwuy were owner-occupied compared with 78.3% in 2016. Supporting the long term trend of young working families living in the area.
Owner occupied vs Renters
Pemulwuy House Prices
With the majority of the area made up of owner-occupiers, showing a median sales price of just over $1,050,000 for a house and just over $550,000 for an apartment/unit. House dwellings are the preferred dwelling type, with a higher number of listings and transactions in the area.
Pemulwuy Median Price
The suburb has nearly doubled the number of properties sold since January 2017, which has reflected in the increase in the value of the properties. This shows that the demand to live in this area has increased drastically over time.
Properties Sold
Snapshot of the Market in Pemulwuy
Pemulwuy Snapshot of the market
Investment Property Yields
Both the house and unit aspect of rental yields has contracted. This is in part a reflection in the median value growth in recent years – reducing the yield as a %. As there is a large portion of owners living in their properties, this can indicate that there is a higher number of rental properties compared to the demand for it. This places tenantsin a greater position to negotiate a better rental agreement for themselves.
Houses Yield
Pemulwuy House Yield
Units Yield
Pemulwuy Unit Yield