Panania

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

As of Feb 2026, Panania's population is estimated at around 14,538. This reflects an increase of 1,031 people since the 2021 Census, which reported a population of 13,507. The change was inferred from AreaSearch's estimation of the resident population at 13,663 following examination of the latest ERP data release by the ABS in June 2024 and an additional 81 validated new addresses since the Census date. This level of population equates to 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 7.6% growth since census positions it within 0.2 percentage points of the state (7.8%). 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 statistical areas across the nation is expected, with Panania expected to increase by 1,106 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 1.6% in total over the 17 years.

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

Panania has recorded approximately 98 residential properties granted approval annually over the past five financial years from FY-21 to FY-25. This totals an estimated 494 homes approved during this period. As of FY-26, 52 approvals have been recorded.

On average, around 0.8 people per year have moved to Panania for each dwelling built over these five years, indicating that supply is meeting or exceeding demand. New dwellings are developed at an average cost of $473,000, reflecting a focus on the premium market with high-end developments. Compared to Greater Sydney, Panania has recorded construction levels 31.0% above the regional average per person over the past five years. This maintains good buyer choice while supporting existing property values. New development consists of 28.0% detached dwellings and 72.0% attached dwellings, offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers.

This represents a significant shift from the current housing mix, which is currently 71.0% houses. Panania reflects a developing area with approximately 141 people per approval. Looking ahead, Panania is expected to grow by around 231 residents through to 2041, according to the latest AreaSearch quarterly estimate. 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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 11 projects that may affect the region. Notable initiatives include the Canterbury-Bankstown Walking City Project, Weston Street Affordable Housing development, Panania Library and Knowledge Centre upgrade, and Uranus Road Culvert Upgrade. The following list details those projects likely to have the most relevance.

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 being strongly represented. The unemployment rate was 3.9% in the past year, with an estimated employment growth of 4.9%. As of December 2025, there are 7,819 residents employed, and the unemployment rate is 0.2% lower than Greater Sydney's rate of 4.2%.

The workforce participation rate is 73.4%, slightly higher than Greater Sydney's 70.2%. According to Census responses, 47.7% of residents work from home. Key industries include health care & social assistance, education & training, and construction. Education & training has a notable concentration with employment levels at 1.2 times the regional average.

Professional & technical services have limited presence with 9.0% employment compared to the regional average of 11.5%. The area offers limited local employment opportunities as indicated by the working population vs resident population count. Between December 2024 and December 2025, employment levels increased by 4.9%, while the labour force grew by 5.1%, causing the unemployment rate to rise by 0.2 percentage points. In contrast, Greater Sydney experienced employment growth of 2.2% and labour force growth of 2.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Panania's employment should increase by 6.6% over five years and 13.5% over ten years based on industry-specific 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 ending June 2023 indicates Panania's median income among taxpayers is $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 from June 2023 to September 2025 (an estimated period of 2 years and 3 months), current estimates would be approximately $59,671 median and $73,499 average as of September 2025. According to the 2021 Census, Panania's household income ranks at the 67th percentile ($2,036 weekly) and personal income at the 50th percentile. Income analysis shows 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 also represents 30.9%. Economic strength is evident with 30.7% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. High housing costs consume 17.9% of income, yet 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 contrast, Sydney metro had 55.9% houses and 44.1% other dwellings. Home ownership in Panania was higher 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 metro's average of $2,427. Panania's median weekly rent figure stood at $460, slightly higher than Sydney metro's $470. Nationally, Panania's 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 higher-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, 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 Greater Sydney's 38.0%. This gap indicates potential for educational development and skills enhancement. Bachelor degrees are 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.

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 stops are served by 33 routes that facilitate 3,847 weekly passenger trips in total. Transport accessibility is rated highly, with residents on average located 152 meters from the nearest stop. Most residents commute outwards due to Panania's residential nature. Cars remain the primary mode of transport at 83%, while trains account for 11%. Vehicle ownership stands at 1.4 per dwelling, exceeding regional averages.

According to the 2021 Census, 47.7% of residents work from home, which may be influenced by COVID-19 conditions. Service frequency across all routes averages 549 trips per day, 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

Panania's health data shows positive outcomes overall. Mortality rates and health conditions align with national averages, but some cohorts show higher prevalence of common health issues.

Private health cover stands at approximately 54%, compared to Greater Sydney's 59.9%. The most prevalent medical conditions are arthritis (7.3%) and asthma (6.6%), while 73.7% report no medical ailments, slightly lower than Greater Sydney's 74.6%. Under-65 residents exhibit better health outcomes. Panania has a higher proportion of seniors aged 65 and over at 17.0%, compared to Greater Sydney's 15.4%.

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 high cultural diversity with 31.9% of its population born overseas and 39.7% speaking a language other than English at home. Christianity is the main religion, comprising 60.4% of Panania's population. Islam is overrepresented in Panania at 8.6%, compared to Greater Sydney's 6.8%.

The top three parental ancestry groups are Australian (18.4%), English (17.4%), and Other (13.5%). Notably, Lebanese (6.1% vs regional 2.6%), Macedonian (2.2% vs 0.4%), and Vietnamese (4.3% vs 1.8%) groups are overrepresented in Panania.

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

The median age in Panania is close to Greater Sydney's average of 37 years and equivalent to Australia's median of 38 years. Compared to Greater Sydney, Panania has a higher proportion of residents aged 55-64 (12.3%) but fewer residents aged 25-34 (10.7%). Between the 2016 Census and 2021, the population aged 15-24 increased from 12.4% to 14.0%, while those aged 75-84 rose from 4.6% to 5.7%. Conversely, the proportion of residents aged 25-34 decreased from 12.1% to 10.7%. By 2041, Panania's age composition is expected to change significantly. The population aged 85 and above is projected to grow by 67%, reaching 654 people from 392. Those aged 65 and above are expected to comprise 71% of the total population growth. Conversely, population declines are projected for those aged 0-4 and 15-24.