Panania

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

The estimated population of the suburb of Panania is around 14,538 as of Feb 2026. This figure represents an increase of 1,031 people since the 2021 Census, which recorded a population of 13,507. The latest resident population estimate by AreaSearch, based on ABS data up to June 2024 and additional validated addresses, is 13,663. This results in a population density of 3,060 persons per square kilometer, placing Panania in the upper quartile nationally according to AreaSearch assessments. The suburb's growth rate since the census, at 7.6%, is close to the state average of 7.8%. Overseas migration contributed approximately 59.0% of Panania's population gains recently.

For projections, AreaSearch uses ABS/Geoscience Australia data for each SA2 area released in 2024 with a base year of 2022, and NSW State Government's SA2-level projections for areas not covered by this data, released in 2022 with a base year of 2021. These projections indicate that Panania is expected to increase by 1,139 persons to 2041, reflecting a total increase of 3.3% over the 17-year period.

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, Panania has recorded around 101 residential properties granted approval annually over the past five financial years, totalling an estimated 505 homes. So far in FY26, 49 approvals have been recorded. Over these five years, an average of 0.8 people moved to the area for each dwelling built.

This indicates that supply is meeting or surpassing demand, offering greater buyer choice and supporting potential population growth above projections. The average expected construction cost 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 levels, at 33.0% above the regional average per person over the five-year period. This maintains good buyer choice while supporting existing property values. New development 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, which is currently 71.0% houses. Panania reflects a developing area, with around 133 people per approval. Looking ahead, Panania is expected to grow by 486 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 influence an area's performance. AreaSearch has identified 11 projects likely impacting the area. Notable 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 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 being strongly represented. The unemployment rate was 4.0% as of September 2025, which is 0.2% lower than Greater Sydney's rate of 4.2%. Employment growth over the past year was estimated at 3.5%.

Resident workforce participation stood at 73.0%, slightly higher than Greater Sydney's 70.0%. According to Census responses, 47.7% of residents worked from home, potentially influenced by Covid-19 lockdowns. Key industries for employment among residents include health care & social assistance, education & training, and construction. Notably, there is a high concentration in education & training, with employment levels at 1.2 times the regional average.

Conversely, professional & technical services have limited presence with 9.0% employment compared to the regional average of 11.5%. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Between September 2024 and September 2025, employment levels increased by 3.5%, while labour force grew by 4.0%, leading to a rise in unemployment rate by 0.5 percentage points. In contrast, Greater Sydney experienced employment growth of 2.1% and labour force growth of 2.4%, with an unemployment rate increase of 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project national employment to expand by 6.6% over five years and 13.7% over ten years, with varying growth rates across industry sectors. 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, assuming constant population projections 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 ending 30 June 2023, 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 of 8.86% since financial year ending 30 June 2023, current estimates would be approximately $59,671 (median) and $73,499 (average) as of September 2025. According to the Census conducted in August 2021, household income ranks at the 67th percentile ($2,036 weekly), while personal income sits at the 50th percentile. Income analysis reveals that 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 through 30.7% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 17.9% of income, though strong earnings still place disposable income at the 65th percentile and 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 of dwellings. This is in contrast to Sydney metropolitan areas, where 55.9% of dwellings are houses and 44.1% are other dwellings. Home ownership in Panania stood at 32.3%, with mortgaged properties making up 37.9% and rented dwellings accounting for 29.9%. The median monthly mortgage repayment in the area was $2,600, surpassing Sydney's metro average of $2,427. The median weekly rent figure in Panania was recorded at $460, slightly higher than Sydney's metro average of $470. Nationally, Panania's median monthly mortgage repayments were significantly higher than the Australian average of $1,863, while median weekly 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 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, 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 lag behind regional benchmarks, with 28.3% of residents aged 15 years and over holding university degrees compared to 38.0% in Greater Sydney as of 2021 data. This gap indicates potential for educational development and skills enhancement. 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 years and over holding vocational credentials – advanced diplomas (11.7%) and certificates (19.3%).

Educational participation is notably high, with 30.4% of residents currently enrolled in formal education as of the latest data. 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 serving a mix of train and bus services. These stops are covered by 33 different routes, collectively facilitating 3,847 weekly passenger trips. Transport accessibility is rated excellent, with residents on average located 152 meters from the nearest stop. Primarily residential, most residents commute outward using cars (83%), with train use at 11%. Vehicle ownership averages 1.4 per dwelling, above regional norms. In 2021 Census data, 47.7% of residents worked from home, potentially reflecting 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

Panania's health data shows positive outcomes overall. Mortality rates and health conditions align with national benchmarks.

Common health conditions are low among the general population but higher in older, at-risk cohorts compared to national averages. Private health cover is at 54% of Panania's total population (~7,796 people), slightly above Greater Sydney's average of 59.9%. The most prevalent medical conditions are arthritis (7.3%) and asthma (6.6%). 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 16.7% of residents aged 65 and over (2,427 people), higher than Greater Sydney's 15.4%. However, this percentage ranks lower nationally compared to broader populations.

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. The dominant religion in Panania is Christianity, accounting for 60.4% of the population. Islam, however, is overrepresented compared to Greater Sydney, comprising 8.6% of Panania's population versus 6.8%.

In terms of ancestry, the top three groups are Australian (18.4%), English (17.4%), and Other (13.5%). Notably, Lebanese (6.1%) and Macedonian (2.2%) groups are overrepresented in Panania compared to regional averages of 2.6% and 0.4%, respectively. Additionally, the Vietnamese population is also notably higher at 4.3%.

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

The median age in Panania is 38 years, close to Greater Sydney's average of 37 and equivalent to Australia's median of 38. 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 2021 Census and now, the 15-24 age group has increased from 12.4% to 14.0%, while the 25-34 cohort has decreased from 12.1% to 10.7%. By 2041, Panania's population is expected to shift significantly in terms of age composition. The group aged 85 and above will grow by 79%, reaching 651 people from the current 363. Those aged 65 and above are projected to make up 65% of this growth. Conversely, populations in the 0-4 and 5-14 age groups are projected to decline.