Panania and surrounds PRD Market Update 2nd Half of 2019

In Q3 2019, Panania, which in this report refers to aggregate suburbs of Panania, East Hill, Padstow, Picnic Point, Revesby, and Milperra; recorded a median house price of $952,500, and a median unit price of $808,000. This represents annual (Q3 2018 – Q3 2019) price softening of -0.3% for houses and growth of 12.9% for units. Total sales slowed by -12.3% for houses (135 sales) and increased by 186.2% (83) sales. The unit market is strong, whilst the house market is in recovery. Now is the time to transact in the market.

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