Panania

Population growth drivers in Panania are above average based on AreaSearch's ranking of recent, and medium to long-term trends

As of Nov 2025, Panania's population is estimated at around 14,536. This reflects an increase of 1,029 people since the 2021 Census, which reported a population of 13,507. The change was inferred from AreaSearch's estimation of resident population as 13,663 following examination of ABS' latest ERP data release (June 2024) and an additional 79 validated new addresses since the Census date. This level of population results in a density ratio of 3,060 persons per square kilometer, placing Panania in the upper quartile relative to national locations assessed by AreaSearch. Panania's growth rate of 7.6% since the 2021 census exceeded the SA4 region's growth rate of 7.5%. Overseas migration contributed approximately 59.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Looking ahead, Panania is expected to increase by 1,141 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 3.4% in total over the 17 years.

AreaSearch assessment of residential approval activity sees Panania among the top 30% of areas assessed nationwide

Based on AreaSearch analysis of ABS building approval numbers in Panania, allocated from statistical area data, around 101 residential properties have been granted approval annually over the past five financial years ending June 2025. This totals an estimated 505 homes. In the current financial year FY-26, up to June 2026, 49 approvals have been recorded so far.

Over these five financial years (FY-21 to FY-25), on average, only 0.8 people per year moved to the area for each dwelling built, indicating that supply is meeting or surpassing demand and providing greater buyer choice while supporting potential population growth above projections. The average construction value of new dwellings is $471,000, suggesting developers are focusing on the premium market with high-end developments. Compared to Greater Sydney, Panania records somewhat elevated construction activity, at 33.0% above the regional average per person over the five-year period from FY-21 to FY-25. This maintains good buyer choice while supporting existing property values. New development in Panania consists of 28.0% detached dwellings and 72.0% attached dwellings, reflecting a skew towards compact living that offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers.

This represents a considerable change from the current housing mix (currently 71.0% houses), likely due to reduced availability of development sites and shifting lifestyle demands and affordability requirements. With around 133 people per approval, Panania reflects a developing area. Looking ahead, based on the latest AreaSearch quarterly estimate, Panania is expected to grow by 491 residents through to 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Panania has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Eleven projects have been identified by AreaSearch that could potentially impact the area's performance. Key projects include Canterbury-Bankstown Walking City Project, Weston Street Affordable Housing, Panania Library and Knowledge Centre, and Uranus Road Culvert Upgrade. The following list details those considered most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis indicates Panania maintains employment conditions that align with national benchmarks

Panania has a well-educated workforce with professional services strongly represented. The unemployment rate was 4.0% in the past year, with an estimated employment growth of 3.4%.

As of September 2025, there are 7,765 residents employed, with an unemployment rate of 0.1% below Greater Sydney's rate of 4.2%. Workforce participation is lower than average at 57.7%, compared to Greater Sydney's 60.0%. Key industries include health care & social assistance, education & training, and construction. Education & training has a notably high concentration with employment levels at 1.2 times the regional average.

Professional & technical services have limited presence, with only 9.0% of employment compared to the regional average of 11.5%. The area offers limited local employment opportunities, as shown by the difference between the Census working population and resident population. Between September 2024 and September 2025, employment levels increased by 3.4%, while labour force increased by 4.0%, leading to a rise in unemployment rate of 0.5 percentage points. In contrast, Greater Sydney had an employment growth of 2.1% and labour force growth of 2.4%, with an unemployment rate increase of 0.2 percentage points. State-level data from NSW to November 25 shows employment contracted by 0.03%, losing 2,260 jobs, with the state unemployment rate at 3.9%. National unemployment rate is 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% expansion over five years and 13.7% over ten years. Applying these projections to Panania's employment mix suggests local employment should increase by 6.6% over five years and 13.5% over ten years, though this is a simple weighting extrapolation for illustrative purposes only and does not consider localized population projections.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2023 shows Panania's median income among taxpayers is $54,814 and average income is $67,517. These figures align with national averages. Greater Sydney's median income is $60,817 and average income is $83,003. Based on Wage Price Index growth of 8.86% since financial year 2023, current estimates for Panania are approximately $59,671 (median) and $73,499 (average) as of September 2025. According to 2021 Census figures, household income ranks at the 67th percentile ($2,036 weekly) and personal income is at the 50th percentile. Income analysis reveals 29.9% of Panania's population (4,346 individuals) fall within the $1,500 - $2,999 income range, similar to the metropolitan region where this cohort represents 30.9%. Economic strength is evident with 30.7% of households earning high weekly incomes exceeding $3,000, supporting increased consumer spending. High housing costs consume 17.9% of income, but strong earnings place disposable income at the 65th percentile. The area's SEIFA income ranking places it in the 7th decile.

Panania is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Panania, as per the latest Census evaluation, 70.8% of dwellings were houses, with the remaining 29.2% consisting of semi-detached homes, apartments, and other types. This is compared to Sydney metropolitan areas, where 61.5% of dwellings are houses and 38.4% are other types. Home ownership in Panania stood at 32.3%, with mortgaged dwellings at 37.9% and rented ones at 29.9%. The median monthly mortgage repayment in the area was $2,600, surpassing Sydney's average of $2,240. The median weekly rent in Panania was recorded at $460, compared to Sydney's $425. Nationally, Panania's median monthly mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Panania features high concentrations of family households, with a lower-than-average median household size

Family households account for 77.7% of all households, including 42.1% couples with children, 21.6% couples without children, and 12.5% single parent families. Non-family households make up the remaining 22.3%, with lone person households at 20.3% and group households comprising 2.0%. The median household size is 2.9 people, which is smaller than the Greater Sydney average of 3.1.

The educational profile of Panania exceeds national averages, with above-average qualification levels and academic performance metrics

Educational qualifications in Panania lag behind regional benchmarks, with 28.3% of residents aged 15 and over holding university degrees compared to the Greater Sydney average of 38.0%. Bachelor degrees are most common at 19.9%, followed by postgraduate qualifications at 6.6% and graduate diplomas at 1.8%. Vocational credentials are also prevalent, with 31.0% of residents aged 15 and over holding such qualifications - advanced diplomas account for 11.7% and certificates for 19.3%. Educational participation is high in Panania, with 30.4% of residents currently enrolled in formal education.

This includes 10.4% in primary education, 8.6% in secondary education, and 5.6% pursuing tertiary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

The analysis of public transportation in Panania shows that there are 81 active transport stops currently operating. These include a mix of train and bus services. There are 33 individual routes servicing these stops, which together facilitate 3,847 weekly passenger trips.

The accessibility of transport is rated as excellent, with residents typically located just 152 meters from the nearest transport stop. On average, there are 549 trips per day across all routes, equating to approximately 47 weekly trips per individual stop.

The level of general health in Panania is notably higher than the national average with prevalence of common health conditions low among the general population though higher than the nation's average across older, at risk cohorts

Panania shows higher health outcomes with lower prevalence of common conditions among its general population compared to national averages, but higher rates are seen in older, at-risk cohorts. Approximately 54% (~7,795 people) have private health cover, leading the average for SA2 areas and slightly above Greater Sydney's 49.5%.

The most prevalent medical conditions are arthritis (7.3%) and asthma (6.6%), while 73.7% report no medical ailments, compared to 75.8% in Greater Sydney. Panania has 16.3% of residents aged 65 and over (2,369 people), requiring more attention than the broader population.

Panania was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Panania's cultural diversity is notable, with 31.9% of its population born overseas and 39.7% speaking a language other than English at home. Christianity is the dominant religion in Panania, accounting for 60.4% of the population. Islam is present but lower than the Greater Sydney average, comprising 8.6%.

The top three ancestral groups are Australian (18.4%), English (17.4%), and Other (13.5%). Some ethnic groups show notable divergences: Lebanese at 6.1%, Macedonian at 2.2%, and Vietnamese at 4.3% compared to regional averages.

Panania's population aligns closely with national norms in age terms

The median age in Panania was close to Greater Sydney's average of 37 years at the time of the census. It was also similar to the Australian median age of 38 years. Compared to Greater Sydney, Panania had a higher proportion of residents aged 55-64 (12.2%) but fewer residents aged 25-34 (11.0%). Between the censuses conducted on August 9th, 2016 and August 10th, 2021, Panania saw an increase in its 15 to 24 age group from 12.4% to 13.8%. Conversely, the proportion of residents aged 25 to 34 decreased from 12.1% to 11.0%. By the year 2041, Panania's population is expected to experience significant shifts in its age composition. The demographic shift will be led by the 75 to 84 age group, which is projected to grow by 36%, reaching a total of 1,064 people from the previous count of 784. This aging population trend is evident with those aged 65 and above comprising 65% of the projected growth. However, population declines are anticipated for residents aged 0 to 4 and 5 to 14 years old.