Panania

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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Panania's population is estimated at around 13,748 as of May 2026. This reflects an increase of 241 people (1.8%) since the 2021 Census, which reported a population of 13,507 people. The change is inferred from the resident population of 13,685 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 81 validated new addresses since the Census date. This level of population equates to a density ratio of 2,894 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 59.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Looking at population projections moving forward, a population increase just below the median of national areas is expected, with the suburb expected to expand by 963 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 6.5% in total over the 16 years.

Recent residential development output has been above average within Panania when compared nationally

Based on AreaSearch analysis of ABS building approval numbers, Panania has seen around 98 new homes approved annually. Between FY-21 and FY-25, approximately 494 homes were approved, with an additional 74 approved so far in FY-26.

On average, 0.7 people have moved to the area for each dwelling built over these five financial years, indicating that supply is meeting or exceeding demand. The average construction value of new properties is $473,000, targeting the premium market segment with higher-end properties. Compared to Greater Sydney, Panania has seen slightly more development (31.0% above regional average per person over the five-year period). Recent construction comprises 28.0% detached houses and 72.0% medium and high-density housing, reflecting a shift from the current housing mix of 71.0% houses. Panania has a population density of around 139 people per approval, classified as low density.

Population forecasts indicate that Panania will gain approximately 900 residents by 2041. With current construction levels, housing supply should adequately meet demand, creating favorable conditions for buyers while potentially enabling growth that exceeds current forecasts.

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

Eleven projects have been identified by AreaSearch as potentially impacting the area's performance. Among these are key projects such as the Canterbury-Bankstown Walking City Project, Weston Street Affordable Housing, Panania Library and Knowledge Centre, and Uranus Road Culvert Upgrade. The following list details those expected to be most relevant.

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

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Employment performance in Panania has been broadly consistent with national averages

Panania has a well-educated workforce with professional services showing strong representation. The unemployment rate was 3.8% as of December 2025, which is 0.3% lower than Greater Sydney's rate of 4.2%. Employment growth over the past year was estimated at 4.0%.

According to AreaSearch aggregation of statistical area data, 7,530 residents were in work and workforce participation was broadly similar to Greater Sydney's 68.8%. Census responses indicated that 47.7% of residents worked from home, though Covid-19 lockdown impacts should be considered. Employment among residents is concentrated in health care & social assistance, education & training, and construction. The area has particular employment specialization in education & training, with an employment share of 1.2 times the regional level.

Conversely, professional & technical services show lower representation at 9.0% compared to the regional average of 11.5%. The predominantly residential area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Over a 12-month period ending in May-25, employment increased by 4.0% while labour force grew by 4.2%, causing the unemployment rate to rise by 0.2 percentage points. National employment forecasts from Jobs and Skills Australia project national employment growth of 6.6% 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, based on a simple weighting extrapolation for illustrative purposes.

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

In AreaSearch's latest postcode-level ATO data released for financial year 2023, Panania's median income among taxpayers was $54,814 with an average of $67,517. This aligns with national averages and compares to Greater Sydney's median of $60,817 and average of $83,003. Based on Wage Price Index growth of 10.32% since financial year 2023, estimated incomes as of March 2026 would be approximately $60,471 (median) and $74,485 (average). According to the 2021 Census figures, household income ranks at the 67th percentile ($2,036 weekly), while personal income sits at the 50th percentile. Income analysis shows that 29.9% of Panania's population earns between $1,500 and $2,999 per week (4,110 individuals). This is consistent with broader trends across the region where 30.9% fall into the same earnings band. Notably, 30.7% of residents earn above $3,000 per week, indicating strong economic capacity in Panania. 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

Panania's dwelling structure, as per the latest Census, consisted of 70.8% houses and 29.2% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 55.9% houses and 44.1% other dwellings. 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 was $2,600, higher than Sydney metro's average of $2,427. Median weekly rent in Panania was $460, compared to Sydney metro's $470. Nationally, Panania's mortgage repayments were significantly higher at $1,863, and rents were substantially above the national figure of $375.

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

Family households account for 77.7 percent of all households, including 42.1 percent couples with children, 21.6 percent couples without children, and 12.5 percent single parent families. Non-family households constitute the remaining 22.3 percent, with lone person households at 20.3 percent and group households comprising 2.0 percent of the total. The median household size is 2.9 people, which is larger than the Greater Sydney average of 2.7.

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

Educational qualifications in Panania trail regional benchmarks; 28.3% of residents aged 15+ hold university degrees compared to 38.0% in Greater Sydney. This gap highlights potential for educational development and skills enhancement. Bachelor degrees lead at 19.9%, followed by postgraduate qualifications (6.6%) and graduate diplomas (1.8%). Trade and technical skills feature prominently, with 31.0% of residents aged 15+ holding vocational credentials – advanced diplomas (11.7%) and certificates (19.3%).

Educational participation is notably high; 30.4% of residents are 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

Panania has 81 active public transport stops, offering a mix of train and bus services. These are served by 33 different routes that facilitate 3,847 weekly passenger trips in total. Transport accessibility is rated as excellent, with residents typically living just 152 meters from their nearest stop. As a predominantly residential area, most commuters travel outward. Cars remain the primary mode of transport at 83%, while train usage stands at 11%. On average, there are 1.4 vehicles per dwelling, surpassing regional averages.

According to the 2021 Census, 47.7% of residents work from home, a figure that may be influenced by COVID-19 conditions. Service frequency across all routes averages 549 trips daily, equating to approximately 47 weekly trips per individual stop.

Panania's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low among the general population though higher than the nation's average across older, at risk cohorts

Health data for Panania shows positive outcomes overall. Mortality rates and health conditions are largely in line with national averages.

Common health conditions are less prevalent among the general population, but higher among older, at-risk groups compared to national figures. Private health cover stands at approximately 54% of Panania's total population (~7,373 people), slightly above Greater Sydney's average of 59.9%. The most common medical conditions are arthritis and asthma, affecting 7.3 and 6.6% of residents respectively. Around 73.7% of residents report no medical ailments, compared to 74.6% in Greater Sydney. Health outcomes for the under-65 population are better than average. Panania has a higher proportion of residents aged 65 and over (16.8%, or 2,309 people) compared to Greater Sydney's 15.5%. Nationally, however, this percentage is lower than the broader population figure.

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 has a high level of cultural diversity with 31.9% of its population born overseas and 39.7% speaking a language other than English at home. Christianity is the predominant religion in Panania, accounting for 60.4% of the population. Islam is overrepresented in Panania compared to Greater Sydney, with 8.6% versus 6.8%.

The top three ancestry groups are Australian (18.4%), English (17.4%), and Other (13.5%). Some ethnic groups have notable divergences: Lebanese at 6.1% (regional average 2.6%), Macedonian at 2.2% (0.4%), and Vietnamese at 4.3% (1.8%).

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, similar to Australia's median age of 38 years. Compared to Greater Sydney, Panania had a higher percentage of residents aged 55-64 (12.2%) but fewer residents aged 25-34 (11.1%). Between the censuses conducted on 9 August 2016 and 10 August 2021, Panania's population aged 15-24 grew from 12.4% to 13.6%, while the proportion of residents aged 25-34 decreased from 12.1% to 11.1%. By 2041, Panania is projected to experience significant changes in its age composition. The number of people aged 85 and above is expected to grow by 76%, reaching 628 from 357. This growth will be led by the aging population dynamic, with those aged 65 and above comprising 56% of projected population growth. Conversely, population declines are projected for residents aged 0-4 and 5-14 years old.