Panania Property Market Update 1st Half 2025
Panania in New South Wales is a family-friendly suburb located 23km south-west of Sydney, blending suburban tranquillity with city convenience. The area is well connected with excellent public transport and offers a variety of schools and green spaces. With an active local business scene and laid-back appeal, Panania is an ideal family suburb.
Property Trends
In Q1 2025, Panania recorded a median house price of $1,530,000 and a median unit price of $1,122,000. This reflects annual price growth of 8.9% for houses and 14.9% for units (Q1 2024 – Q1 2025). Comparing year-on-year, sales declined -6.0% for houses (to 187 sales) but increased 27.3% for units (to 42 sales). An undersupply of houses and strong demand for units have buffered against higher interest rates, supporting continued price growth. Unit price growth currently exceeds that of houses, as buyers shift their focus due to limited house stock.
Project Development
Panania is set to welcome approximately $377.4M in new projects commencing in 2025. Planned development includes 111 units/apartments, 11 townhouses, 23 dwellings, and 350 lots. However, with only 23 new houses planned compared to 187 house sales in Q1 2025, the supply shortfall is expected to persist—keeping upward pressure on property prices.
Rental Market & Growth
House rental yields stood at 3.2% in March 2025, outperforming the Sydney Metro average of 2.7%. The median house rental price rose 11.3% over the past 12 months to $835 per week, while the number of houses rented dropped -2.3%. For units, the median rental price increased 4.7% to $890 per week, with a -4.9% decline in the number rented. These trends point to strong rental demand—favourable conditions for investors.
Vacancy Rates & Property Investment
Panania's vacancy rate was 1.2% in March 2025, matching the Canterbury-Bankstown LGA average and slightly below the Sydney Metro’s 1.3%. Despite some fluctuations over the past year, the vacancy rate remains well below the REIA’s benchmark of 3.0%, indicating quick rental turnover and a healthy investment climate.
