Panania

Population growth drivers in Panania are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Based on analysis of ABS population updates for Panania, as of Nov 2025 its population is estimated at around 13,529. This reflects an increase of 22 people since the 2021 Census, which reported a population of 13,507. The change is inferred from AreaSearch's resident population estimate of 13,490 following examination of the latest ERP data release by ABS (June 2024), and an additional 79 validated new addresses since the Census date. This level of population equates to a density ratio of 2,848 persons per square kilometer, placing Panania in the upper quartile relative to national locations assessed by AreaSearch. Overseas migration contributed approximately 59.0% of overall population gains during recent periods for Panania.

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. Future population trends indicate an increase just below the median of Australian statistical areas, with Panania expected to grow by 1,138 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 11.1% in total over the 17 years.

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

AreaSearch analysis of ABS building approval numbers in Panania shows approximately 92 new homes approved annually. Between FY-21 and FY-25, around 460 homes were approved, with a further 29 approved so far in FY-26.

Over the past five financial years, an average of 0.8 new residents per year arrived for each new home. This suggests that new construction is meeting or exceeding demand, providing more options for buyers and potentially supporting population growth beyond current projections. The average expected construction cost value of new dwellings in Panania is $488,000, aligning with broader regional development trends. Compared to Greater Sydney, Panania exhibits moderately higher construction activity, at 21.0% above the regional average per person over the past five years. This preserves reasonable buyer options while sustaining existing property demand.

The current development trend consists of 27.0% detached houses and 73.0% townhouses or apartments, indicating a shift towards denser development to provide accessible entry options for downsizers, investors, and entry-level buyers. This marks a significant change from the current housing mix, which is predominantly houses (71.0%). Panania has a population density of around 183 people per dwelling approval, characteristic of a low-density area. According to AreaSearch's latest quarterly estimate, Panania is projected to gain approximately 1,495 residents by 2041. At current development rates, new housing supply should comfortably meet demand, creating favourable conditions for buyers and potentially supporting population growth beyond current projections.

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

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 11 projects likely impacting the area. Notable ones 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 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.

Employment conditions in Panania remain below the national average according to AreaSearch analysis

Panania has a highly educated workforce with professional services well represented. The unemployment rate in Panania is 3.8%, lower than the national average.

Over the past year, ending June 2025, employment grew by an estimated 2.2%. As of June 2025, 7,764 residents are employed, with an unemployment rate of 0.4% below Greater Sydney's rate of 4.2%. Workforce participation in Panania is 57.7%, slightly lower than Greater Sydney's 60.0%. The leading employment industries among residents include health care & social assistance, education & training, and construction.

Notably, education & training has an employment share that is 1.2 times the regional level. However, professional & technical services are under-represented in Panania, with only 9.0% of its workforce compared to 11.5% in Greater Sydney. The area offers limited local employment opportunities, indicated by the count of Census working population versus resident population. In the wider statistical area over the year ending June 2025, employment increased by 2.2%, while labour force grew by 2.5%, resulting in a slight rise in unemployment by 0.3 percentage points. In contrast, Greater Sydney experienced employment growth of 2.6% and labour force growth of 2.9%, with a similar rise in unemployment. Jobs and Skills Australia's national employment forecasts from Sep-22 provide insights into potential future demand within Panania. These projections estimate that national employment will expand by 6.6% over five years and 13.7% over ten years, but growth rates vary significantly between industry sectors. Applying these industry-specific projections to Panania's employment mix suggests local employment should increase by approximately 6.6% over five years and 13.5% over ten years. However, it is important to note that these figures are based on a simple weighting extrapolation for illustrative purposes and do not account for localized population projections.

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

AreaSearch aggregated latest postcode level ATO data released for financial year 2022. Panania had a median taxpayer income of $54,770 and an average income of $67,470. Nationally, the median was $56,994 and the average was $80,856. In Greater Sydney, these figures were $56,994 and $80,856 respectively. With a 12.61% increase based on Wage Price Index growth since financial year 2022, current estimates for Panania are approximately $61,676 (median) and $75,978 (average) as of September 2025. According to the 2021 Census, household income ranks at the 67th percentile ($2,036 weekly), while personal income is at the 50th percentile. Distribution data shows that 29.9% of residents earn $1,500 - $2,999 weekly (4,045 residents). This pattern is similar to surrounding regions where 30.9% fall within this range. Notably, 30.7% exceed $3,000 weekly, indicating strong purchasing power. High housing costs consume 17.9% of income, but disposable income ranks 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, 70.8% of dwellings were houses while 29.2% consisted of semi-detached homes, apartments, and other types. In contrast, Sydney metropolitan area had 61.5% houses and 38.4% 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's average of $2,240. Median weekly rent in Panania was $460, compared to Sydney's $425. Nationally, Panania's mortgage repayments were significantly higher at $1,863 and rents substantially above the national figure of $375.

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

Family households constitute 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 account for 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 trail regional benchmarks, with 28.3% of residents aged 15+ holding university degrees compared to 38.0% in Greater Sydney. Bachelor degrees are the most common at 19.9%, followed by postgraduate qualifications (6.6%) and graduate diplomas (1.8%). Trade and technical skills are prominent, with 31.0% of residents aged 15+ holding vocational credentials – advanced diplomas (11.7%) and certificates (19.3%). Educational participation is high, 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. Panania's 4 schools have a combined enrollment of 1,589 students as of the latest data point. The area demonstrates typical Australian school conditions (ICSEA: 1040) with balanced educational opportunities. All four schools focus exclusively on primary education, with secondary options available in surrounding areas. School places per 100 residents (11.8) fall below the regional average (16.8), indicating some students may attend schools in adjacent areas.

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

Panania has 72 active public transport stops. These include train and bus services. There are 36 different routes operating, which together facilitate 3,624 weekly passenger trips.

Residents enjoy excellent transport accessibility, with an average distance of 152 meters to the nearest stop. Daily service frequency averages 517 trips across all routes, translating to approximately 50 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 better-than-average 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% (~7,252 people) have private health cover, higher than Greater Sydney's 48.6%.

The most prevalent medical conditions are arthritis (7.3%) and asthma (6.6%). About 73.7% of residents report no medical ailments, compared to 75.8% in Greater Sydney. Around 16.2% (~2,191 people) are aged 65 and over, requiring more attention than the broader population.

Panania is among the most culturally diverse areas in the country based on AreaSearch 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, comprising 60.4% of people. However, Islam is underrepresented compared to Greater Sydney, making up only 8.6%.

The top three ancestral groups are Australian (18.4%), English (17.4%), and Other (13.5%). Notably, Lebanese ancestry is overrepresented at 6.1%, while Macedonian (2.2%) and Vietnamese (4.3%) are also higher than regional averages.

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

The median age in Panania is 38 years, comparable to Greater Sydney's average of 37 and Australia's median of 38. Relative to Greater Sydney, Panania has a higher proportion of residents aged 55-64 (12.2%) but fewer residents aged 25-34 (11.0%). Between the 2021 Census and the present, the age group of 15 to 24 years has increased from 12.4% to 13.8%. Conversely, the age group of 25 to 34 years has decreased from 12.1% to 11.0%. By 2041, Panania's age composition is expected to change significantly. The 75 to 84 age group is projected to grow by 46%, reaching 1,064 people from the current 730. The population aged 65 and above is expected to comprise half of the total growth. Conversely, declines are projected for the age groups of 5 to 14 years and 0 to 4 years.