Penrose vs Wingello.
Comparing two suburbs with median house prices of $925,000 and $1,135,000. Penrose edges out on more headline metrics in this comparison.
Penrose (median $925,000) is roughly 19% cheaper to buy into than Wingello ($1,135,000). Over the past year, Wingello (+2%) ran 10.6 percentage points ahead of Penrose (-8.6%) on house-price growth.
On school quality, the average ICSEA across schools serving Penrose (1015) sits above Wingello (1011).
For buyers
Penrose is the lower entry point at $925,000 median, 19% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Investors face a yield-versus-growth split: Penrose delivers the better gross yield (2.14% vs 1.74%), but Wingello has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
Penrose edges out on average school ICSEA (1015 vs 1011).
Common questions
Is Penrose or Wingello cheaper to buy in?
Penrose has the lower median house price at $925,000, roughly 19% below Wingello ($1,135,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Penrose or Wingello?
Over the past 12 months, Wingello grew +2% vs -8.6% in Penrose, a gap of 10.6 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 Penrose or Wingello have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Penrose scores 1015 vs 1011 in Wingello. 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 suburb has higher rental yield, Penrose or Wingello?
Gross rental yield on houses is 2.14% in Penrose vs 1.74% in Wingello. 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).
Compare Penrose against another suburb