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

As of Feb 2026, the estimated population of Pennant Hills is around 7,928, reflecting a 340-person increase since the 2021 Census. This growth represents a 4.5% rise from the previous population figure of 7,588 people. AreaSearch's analysis, based on ERP data released by the ABS in June 2024 and validated new addresses, suggests a resident population estimate of 7,760 for Pennant Hills. 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. Pennant Hills's growth rate since the census is 4.5%, placing it within 2.3 percentage points of the SA3 area's growth rate of 6.8%. Overseas migration contributed approximately 85% of overall population gains in recent periods.

AreaSearch uses 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. These projections indicate an overall population decline in Pennant Hills by 96 persons by 2041, but specific age cohorts like the 75 to 84 group are projected to increase by 268 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 has averaged approximately 19 new dwelling approvals annually over the past five financial years, totalling an estimated 95 homes. As of FY-26, 14 approvals have been recorded. Between FY-21 and FY-25, an average of 0.3 new residents per year per dwelling constructed has been observed. This suggests that new construction is meeting or exceeding demand, providing more options for buyers and potentially 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 FY-26, 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 activity (65.0% below regional average per person). This limited new supply generally supports stronger demand and values for established homes, although building activity has accelerated in recent years. New building activity comprises 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 exhibits characteristics of a low density area.

Given expectations for population stability or decline, housing pressure in Pennant Hills is likely to remain reduced, potentially creating opportunities for buyers.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 18 projects that may affect the area. Notable ones are 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.

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 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%, with an estimated employment growth of 10.8% over the past year, according to AreaSearch's aggregation of statistical area data. As of September 2025, there are 4,574 residents in work, and the unemployment rate is 1.2% lower than Greater Sydney's rate of 4.2%.

Workforce participation stands at 73.0%, slightly higher than Greater Sydney's 70.0%. Census responses indicate that 55.9% of residents work from home, though Covid-19 lockdown impacts should be considered. The dominant employment sectors among residents are health care & social assistance, professional & technical, and education & training. Notably, Pennant Hills has a high concentration in education & training, with employment levels at 1.5 times the regional average.

Conversely, construction is under-represented, with only 5.1% of Pennant Hills's workforce compared to 8.6% in Greater Sydney. 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 increased by 10.8%, while labour force increased by 9.2%, causing the unemployment rate to fall by 1.4 percentage points. In contrast, Greater Sydney experienced employment growth of 2.1% and labour force growth of 2.4%, with a 0.2 percentage point rise in unemployment. Jobs and Skills Australia's national employment forecasts from May-25 offer further insight into potential future demand within Pennant Hills. These projections suggest that national employment should expand by 6.6% over five years and 13.7% over ten years. Applying these industry-specific projections to Pennant Hills's employment mix suggests local employment should 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

The suburb of Pennant Hills had a median taxpayer income of $57,167 and an average income of $87,799 in the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. These figures are notably high compared to Greater Sydney's median income of $60,817 and average income of $83,003 during the same period. Based on a Wage Price Index growth rate of 8.86% since financial year 2023, estimated incomes as of September 2025 would be approximately $62,232 (median) and $95,578 (average). Census data indicates that household, family, and personal incomes in Pennant Hills rank highly nationally, between the 73rd and 88th percentiles. The earnings profile shows that 28.4% of locals (2,251 people) fall into the $1,500 - 2,999 weekly income category, which is slightly lower than the metropolitan region's 30.9%. The suburb demonstrates significant affluence with 41.3% earning over $3,000 per week. Housing costs account for 14.4% of income, and strong earnings place 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

The dwelling structure in Pennant Hills, as per the latest Census, consisted of 73.4% houses and 26.6% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Sydney metro's 55.9% houses and 44.1% other dwellings. Home ownership in Pennant Hills was at 38.9%, with the remaining dwellings either mortgaged (37.1%) or rented (24.0%). The median monthly mortgage repayment in the area was $2,700, higher than Sydney metro's average of $2,427. The median weekly rent figure was recorded at $500, compared to Sydney metro's $470. Nationally, Pennant Hills' mortgage repayments are significantly higher than the Australian average of $1,863, while rents are 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 comprise 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 account for 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 is 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 residents aged 15 and above, with 52.3% holding university qualifications. This figure exceeds the national average of 30.4% and the state average of 32.2%. The area's strong educational background is evident in its high proportion of bachelor degrees (31.8%), postgraduate qualifications (16.5%), and graduate diplomas (4.0%). Vocational pathways are also well-represented, with advanced diplomas accounting for 11.4% and certificates for 11.1%.

Educational participation is particularly notable, 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 offering a mix of train and bus services. These stops are served by 90 routes, collectively providing 6,223 weekly passenger trips. Transport accessibility is rated good, with residents typically located 203 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode at 76%, while 13% use train and 5% walk. Vehicle ownership averages 1.3 per dwelling.

According to the 2021 Census, a high 55.9% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 889 trips per day across all routes, equating to approximately 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, with very low prevalence of common health conditions across all age groups. Private health cover is exceptionally high at approximately 62% of the total population (4,881 people), compared to the national average of 55.7%.

The most prevalent medical conditions are arthritis and asthma, affecting 6.4 and 6.3% of residents respectively, while 73.4% report being completely clear of medical ailments, slightly lower than the Greater Sydney average of 74.6%. Pennant Hills has a higher proportion of seniors aged 65 and over at 20.1% (1,593 people), compared to 15.4% in Greater Sydney. Health outcomes among seniors are 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, comprising 50.4% of the population. Hinduism is overrepresented compared to Greater Sydney, making up 5.0% of Pennant Hills' population versus 5.2%.

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

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

The median age in Pennant Hills is 43 years, which is higher than Greater Sydney's average of 37 years and exceeds the national average of 38 years. The age profile shows that those aged 55-64 are most prominent at 13.4%, while those aged 25-34 are relatively smaller at 8.2%. Between 2021 and present, the percentage of people aged 15-24 has increased from 13.0% to 14.8%, while the percentage of those aged 35-44 has decreased from 13.4% to 12.3%. By 2041, demographic projections indicate significant shifts in Pennant Hills' age structure. The 75-84 age cohort is projected to increase by 206 people (37%), from 562 to 769. Notably, the combined age groups of 65 and above will account for all population growth, reflecting the area's aging demographic trend. Conversely, the 25-34 and 45-54 age cohorts are expected to experience population declines.