Pennant Hills

Pennant Hills is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

The population of the Pennant Hills statistical area (Lv2) was estimated at 7,929 as of Nov 2025, reflecting an increase of 341 people since the 2021 Census. This growth represents a 4.5% rise from the previous population count of 7,588. The change is inferred from AreaSearch's estimation of the resident population at 7,760 following examination of ABS data released in June 2024 and an additional validated new address since the Census date. This results in a population density ratio of 1,295 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. The Pennant Hills (SA2) experienced a growth rate of 4.5% since the census, positioning it within 2.4 percentage points of its SA3 area's growth rate of 6.9%, indicating strong growth fundamentals. Overseas migration contributed approximately 85.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections 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. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. According to these projections, the area's population is expected to decline by 91 persons by 2041, while specific age cohorts like the 75 to 84 age group are anticipated to increase, with a projected growth of 254 people over this period.

Residential development activity is lower than average in Pennant Hills according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers allocated from statistical area data indicates Pennant Hills averaged around 19 new dwelling approvals each year over the past five financial years, totalling an estimated 95 homes. As of FY26, 14 approvals have been recorded. The average new residents per year per dwelling constructed between FY21 and FY25 was 0.3. This suggests that new construction is matching or outpacing demand, offering buyers more options and enabling population growth.

The average value of new dwellings developed is $599,000, indicating a focus on the premium market with high-end developments. In FY26, there have been $9.5 million in commercial approvals, demonstrating moderate levels of commercial development compared to Greater Sydney where Pennant Hills shows substantially reduced construction at 65.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established homes, though building activity has accelerated in recent years, suggesting potential planning limitations as it is under the national average. New building activity shows 78.0% detached dwellings and 22.0% townhouses or apartments, maintaining the area's traditional suburban character with a focus on family homes appealing to those seeking space. With around 327 people per dwelling approval, Pennant Hills shows characteristics of a low density area.

Population is expected to remain stable or decline, reducing pressure on housing and potentially creating opportunities for buyers.

Pennant Hills has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 18 projects that may affect this region. Notable projects include Keynote Residences Beecroft, Federal Road Safety Program - Beecroft Road Safety Improvements, Thornleigh Quarter, and Pennant Hills Marketplace Refurbishment. The following list details those most likely to be relevant.

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

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Employment conditions in Pennant Hills demonstrate exceptional strength compared to most Australian markets

Pennant Hills has a highly educated workforce with the technology sector being particularly prominent. Its unemployment rate is 3.0% and it experienced an estimated employment growth of 10.7% over the past year, according to AreaSearch's statistical area data aggregation.

As of September 2025, there are 4,568 residents in work with an unemployment rate of 1.2% below Greater Sydney's rate of 4.2%. Workforce participation is at 62.3%, slightly higher than Greater Sydney's 60.0%. The dominant employment sectors among residents include health care & social assistance, professional & technical, and education & training, with the latter being particularly concentrated at 1.5 times the regional average. However, construction is under-represented in Pennant Hills, with only 5.1% of its workforce compared to Greater Sydney's 8.6%.

The area appears to offer limited local employment opportunities as suggested by the Census working population vs resident population count. Over the 12 months to September 2025, employment increased by 10.7% while labour force increased by 9.1%, causing a decrease in unemployment rate of 1.4 percentage points. In contrast, Greater Sydney experienced employment growth of 2.1% and labour force growth of 2.4%, with a slight rise in unemployment rate of 0.2 percentage points. State-level data to 25-Nov shows NSW employment contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%. Nationally, the unemployment rate is 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 offer insight into potential future demand within Pennant Hills. These projections suggest national employment should expand by 6.6% over five years and 13.7% over ten years. Applying these industry-specific projections to Pennant Hills' employment mix suggests local employment could increase by 7.3% over five years and 14.8% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

Pennant Hills, a suburb, has a median taxpayer income of $57,167 and an average income of $87,799. These figures are based on the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. Nationally, these incomes are extremely high, compared to Greater Sydney's median income of $60,817 and average income of $83,003. By September 2025, estimates suggest the median income will be approximately $62,232 and the average will be around $95,578, factoring in an 8.86% growth rate since financial year 2023. In Pennant Hills, incomes rank highly nationally, between the 73rd and 88th percentiles for households, families, and individuals. The predominant income bracket is $1,500 - 2,999, with 28.4% of locals (2,251 people) earning within this range, similar to the metropolitan region where 30.9% fall into this category. The suburb displays significant affluence, with 41.3% earning over $3,000 per week, supporting premium retail and service offerings. Housing expenses account for 14.4% of income. Strong earnings place residents in the 89th percentile for disposable income, and the area's SEIFA income ranking places it in the 9th decile.

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

Pennant Hills' dwellings, as per the latest Census, consisted of 73.4% houses and 26.6% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Sydney metro's 60.5% houses and 39.5% other dwellings. Home ownership in Pennant Hills stood at 38.9%, with mortgaged dwellings at 37.1% and rented ones at 24.0%. The median monthly mortgage repayment was $2,700, below Sydney metro's average of $2,817. The median weekly rent in Pennant Hills was $500, matching Sydney metro's figure but significantly higher than the national average of $375. Nationally, Pennant Hills' median monthly mortgage repayment is higher at $2,700 compared to Australia's average of $1,863.

Pennant Hills features high concentrations of family households, with a fairly typical median household size

Family households constitute 79.2% of all households, including 42.5% couples with children, 25.2% couples without children, and 10.2% single parent families. Non-family households make up the remaining 20.8%, with lone person households at 19.0% and group households comprising 1.9%. The median household size is 2.8 people, which aligns with the Greater Sydney average.

Pennant Hills demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Pennant Hills' residents aged 15 and above have a higher educational attainment than national and state averages. 52.3% of residents hold university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are the most common at 31.8%, followed by postgraduate qualifications (16.5%) and graduate diplomas (4.0%). Vocational pathways account for 22.5% of qualifications, with advanced diplomas at 11.4% and certificates at 11.1%.

Educational participation is high, with 31.1% of residents currently enrolled in formal education. This includes 9.5% in primary education, 8.6% in secondary education, and 7.7% pursuing tertiary education.

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

Pennant Hills has 55 active public transport stops operating within its boundaries. These stops offer a mix of train and bus services, with 90 individual routes in total. The combined weekly passenger trips facilitated by these routes amount to 6,223.

Residential accessibility to transport is rated as good, with residents typically located 203 meters from the nearest stop. On average, there are 889 trips per day across all routes, which equates to approximately 113 weekly trips per individual stop.

Pennant Hills's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Pennant Hills, with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 62% of the total population (4881 people), compared to 63.7% across Greater Sydney and a national average of 55.7%. The most common medical conditions in the area are arthritis and asthma, impacting 6.4% and 6.3% of residents respectively, while 73.4% declared themselves completely clear of medical ailments compared to 78.1% across Greater Sydney.

Pennant Hills has 19.8% of residents aged 65 and over (1569 people), which is higher than the 17.2% in Greater Sydney. Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

Pennant Hills is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Pennant Hills has a high level of cultural diversity, with 37.4% of its population speaking a language other than English at home and 41.6% born overseas. Christianity is the predominant religion in Pennant Hills, making up 50.4% of the population. Hinduism is notably overrepresented compared to Greater Sydney, comprising 5.0% versus 7.9%.

The top three ancestry groups are English (20.4%), Australian (18.8%), and Chinese (14.6%), which is lower than the regional average of 24.9%. There are notable differences in the representation of certain ethnic groups, with Korean at 3.0% compared to 5.4%, Sri Lankan at 0.9% versus 0.7%, and Russian at 0.6% compared to 0.4%.

Pennant Hills hosts a notably older demographic compared to the national average

The median age in Pennant Hills is 43 years, significantly higher than Greater Sydney's average of 37 years and exceeding the national average of 38 years. The age profile shows that those aged 55-64 make up a substantial portion at 13.3%, while those aged 25-34 are comparatively smaller at 8.5%. Between 2021 and present, the population aged 15-24 has increased from 13.0% to 14.5%, while the 35-44 age group has declined from 13.4% to 12.6%. By 2041, demographic projections indicate significant shifts in Pennant Hills' age structure. The 75-84 age cohort is projected to increase by 222 people (41%) from 539 to 762. Notably, the combined 65+ age groups will account for all total population growth. Conversely, the 55-64 and 15-24 cohorts are expected to experience population declines.