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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Pennant Hills' population is estimated at around 7,556 as of May 2026. This reflects a decrease of 32 people (0.4%) since the 2021 Census, which reported a population of 7,588 people. The change is inferred from the resident population of 7,549 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional one validated new address since the Census date. This level of population equates to a density ratio of 1,234 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 85.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with a base year of 2022. 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 a base year of 2021. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Over this period, projections indicate a decline in overall population, with the suburb's population expected to reduce by 96 persons by 2041 according to this methodology. However, growth across specific age cohorts is anticipated, led by the 75 to 84 age group, which is projected to grow by 221 people.

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 in Pennant Hills shows approximately 19 residential properties granted approval annually. Over the past five financial years, from FY21 to FY25, around 97 homes were approved, with an additional 19 approved so far in FY26. On average, about 0.3 people per year have moved to the area for each dwelling built during these years.

This indicates that new construction is meeting or exceeding demand, providing more options for buyers and potentially driving population growth beyond current expectations. The average expected construction cost value of new properties is $599,000, suggesting a focus on the premium segment with upmarket properties. In FY26, Pennant Hills has recorded approximately $9.5 million in commercial development approvals, indicating moderate levels of commercial development. Compared to Greater Sydney, however, Pennant Hills has significantly less development activity, at 64.0% below the regional average per person. This scarcity of new homes typically strengthens demand and prices for existing properties, although building activity has accelerated in recent years.

Despite this increase, activity remains under the national average, suggesting the area's established nature and potential planning limitations. New development in Pennant Hills consists mainly of detached dwellings, with 78.0% of approvals for such housing types. Medium and high-density housing accounts for the remaining 22.0%, maintaining the area's traditional suburban character focused on family homes appealing to those seeking space. With approximately 329 people per approval, Pennant Hills reflects a low density area. Population projections indicate stability or decline in the area, which should result in reduced housing demand pressures. This could benefit potential buyers in the long run.

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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 18 projects likely to affect the area. 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 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 performance in Pennant Hills exceeds national averages across key labour market indicators

Pennant Hills has a highly educated workforce with significant representation in the technology sector. The unemployment rate was 3.3% as of an unspecified date, with estimated employment growth of 4.8% over the past year. As of December 2025, there were 4,368 residents employed, with an unemployment rate of 0.9% below Greater Sydney's rate of 4.2%.

Workforce participation was 71.6%, compared to Greater Sydney's 68.8%. According to Census responses, 55.9% of residents worked from home, though Covid-19 lockdown impacts should be considered. Key industries of employment among residents were health care & social assistance, professional & technical, and education & training. Education & training had particularly notable concentration with employment levels at 1.5 times the regional average.

Construction had limited presence with 5.1% employment compared to 8.6% regionally. The area appeared to offer limited local employment opportunities as indicated by the count of Census working population vs resident population. Over a 12-month period, ending on an unspecified date, employment increased by 4.8% alongside labour force increasing by 4.0%, resulting in unemployment falling by 0.7 percentage points. By comparison, Greater Sydney recorded employment growth of 2.2%, labour force growth of 2.3%, with unemployment rising marginally. Jobs and Skills Australia's national employment forecasts from May-25 offered further insight into potential future demand within Pennant Hills. These projections estimated national employment expansion by 6.6% over five years and 13.7% over ten years, with industry-specific growth rates differing significantly. Applying these projections to Pennant Hills' employment mix suggested local employment should increase by 7.3% over five years and 14.8% over ten years, though this was a simple weighting extrapolation for illustrative purposes and did not take into account localised population projections.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Pennant Hills is high nationally. The median income is $57,167 while the average income stands at $87,799. This contrasts with Greater Sydney's median income of $60,817 and average income of $83,003. Based on Wage Price Index growth of 10.32% since financial year 2023, current estimates would be approximately $63,067 (median) and $96,860 (average) as of March 2026. Census 2021 income data shows household, family and personal incomes in Pennant Hills rank highly nationally, between the 73rd and 88th percentiles. Income analysis reveals that 28.4% of individuals earn between $1,500 - 2,999, consistent with surrounding trends showing 30.9% in the same category. Economic strength is evident through 41.3% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. Housing accounts for 14.4% of income while strong earnings rank residents within the 89th percentile for disposable income. 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' dwelling structures, as per the latest Census, consisted of 73.4% houses and 26.6% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Sydney metro's 55.9% houses and 44.1% 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, surpassing Sydney metro's average of $2,427. Median weekly rent in Pennant Hills was $500, compared to Sydney metro's $470. Nationally, Pennant Hills' mortgage repayments were higher at $2,700 than the Australian average of $1,863, and rents were substantially above the national figure of $375.

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

Family households account for 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, larger than the Greater Sydney average of 2.7.

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 has a notably high level of educational attainment among its residents aged 15 and above, with 52.3% holding university qualifications. This figure surpasses both the national average of 30.4% and the New South Wales (NSW) average of 32.2%. The area's residents have a significant educational advantage, which positions them favourably for knowledge-based opportunities. Bachelor degrees are the most common qualification held by residents at 31.8%, followed by postgraduate qualifications at 16.5% and graduate diplomas at 4.0%.

Vocational pathways account for 22.5% of qualifications among those aged 15 and above, with advanced diplomas making up 11.4% and certificates 11.1%. Educational participation in the area is notably 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 operational public transport stops offering a mix of train and bus services. These stops are served by 90 unique routes facilitating 6,223 weekly passenger trips in total. The area's transport accessibility is rated as good with residents, on average, located 203 meters from the nearest stop. Primarily residential, most Pennant Hills residents commute outward using different modes of transportation: car (76%), train (13%), and walking (5%). On average, there are 1.3 vehicles per dwelling in the area. According to the 2021 Census, a high proportion of residents work from home, at 55.9%, which may be influenced by COVID-19 conditions.

The service frequency across all routes averages 889 trips per day, equating to about 113 weekly trips per individual stop.

Pennant Hills's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Health outcomes data shows excellent results for Pennant Hills based on AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups.

Approximately 62% of the total population (4,652 people) has private health cover, which is higher than the national average of 55.7%. The most prevalent medical conditions are arthritis and asthma, affecting 6.4% and 6.3% of residents respectively. A majority, 73.4%, report being completely free from medical ailments compared to 74.6% across Greater Sydney. Pennant Hills has a higher proportion of seniors aged 65 and over at 19.7% (1,488 people) compared to the Greater Sydney average of 15.5%. Health outcomes among seniors are generally strong and align with national rankings for the general population.

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 overrepresented compared to Greater Sydney, comprising 5.0% of Pennant Hills' population versus 5.2%.

The top three ancestry groups are English at 20.4%, Australian at 18.8%, and Chinese at 14.6%, which is higher than the regional average of 8.4%. Notably, Korean (3.0%), Sri Lankan (0.9%), and Russian (0.6%) ethnicities are overrepresented in Pennant Hills compared to their respective regional averages of 1.1%, 0.3%, and 0.4%.

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

The median age in Pennant Hills is 43 years, 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 13.3% of the population, while those aged 25-34 comprise only 8.8%. Between 2021 and present, the 15 to 24 age group has increased from 13.0% to 15.0%, while the 35 to 44 cohort has decreased from 13.4% to 12.1%. By 2041, demographic projections indicate that the 75 to 84 age cohort will increase by 201 people (39%) from 513 to 715. The combined age groups of 65 and above will account for all total population growth, reflecting Pennant Hills' aging demographic trend. Conversely, the 45 to 54 and 25 to 34 age cohorts are expected to experience population declines.