Oatley vs Penshurst.
Comparing two suburbs with median house prices of $2,505,000 and $1,930,000. Penshurst edges out on more headline metrics in this comparison.
Penshurst (median $1,930,000) is roughly 30% cheaper to buy into than Oatley ($2,505,000). Over the past year, Penshurst (+5.8%) ran 0.9 percentage points ahead of Oatley (+4.9%) on house-price growth.
Penshurst scores higher on walkability (24/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Oatley (1070) sits above Penshurst (1057). Oatley skews owner-occupied (78%), Penshurst runs more rental-dense (61% owner).
For buyers
Penshurst is the lower entry point at $1,930,000 median, 30% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Penshurst carries both higher gross yield (2.45% vs 1.97%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Oatley edges out on average school ICSEA (1070 vs 1057).
Common questions
Is Oatley or Penshurst cheaper to buy in?
Penshurst has the lower median house price at $1,930,000, roughly 30% below Oatley ($2,505,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Oatley or Penshurst?
Over the past 12 months, Penshurst grew +5.8% vs +4.9% in Oatley, a gap of 0.9 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Oatley or Penshurst have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Oatley scores 1070 vs 1057 in Penshurst. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Oatley or Penshurst?
Penshurst scores 100/100 on walkability vs 24/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Oatley or Penshurst?
Gross rental yield on houses is 2.45% in Penshurst vs 1.97% in Oatley. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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