Invest in the new west

Penrith is one of Sydney's fastest rising cities. With a growing population, thousands of new jobs on the way and billions in infrastructure committed to the region, Penrith is a city that is moving from strength to strength.

Why invest in Penrith

Population growth
Penrith's population is forecasted to grow by 2.5% per annum, between 2016 and 2031. This is well above the average annual projected growth rate for Metropolitan Sydney (1.5%).*
Investment in infrastructure
With over $15 billion dollars of infrastructure committed to the region, Penrith is set to see major developments such as Western Sydney Airport, Westconnex and Nepean Hospital revitalise the city.*
Good rental yields
Penrith is currently achieving a gross unit rental yield of 3.4%, which is higher than many other suburbs in metropolitan Sydney, reflecting the appeal of Penrith to investors. In 2018, new two-bedroom apartment buildings within Penrith recorded a median listed rent which was 30% higher than rents for established apartments. This shows that new buildings can demand higher rents in the market due to higher quality finishes and design.*
High rental households
According to 2016 ABS Census data, the percentage of households renting within Penrith has increased significantly from 51% in 2011 to 60% in 2016. *
Price growth
In the current housing climate, investment experts say it’s wise to think long term, so looking at the previous 5 year period (2012-2017), the median price growth for Penrith sat at 8.2%.*.

Penway Place

2 Bedroom Apartments starting from $510,000

Penway Place is ideally positioned in the heart of Penrith with open light filled spaces, views that stretch for miles and only a short walk to transport and shops.

There are 1, 2 and 3 bedroom apartments to chose from, all of which include high quality finishes and appliances throughout. Penway Place is convenience and quality - designed to be a true community with BBQ and picnic spaces, function room, gym and kids play areas. This place ticks all the boxes for your next smart investment.

Register your interest and visit our display suite today. You can inspect a full size 2 bedroom apartment on display right now.

*Source: URBIS Penrith Market Outlook Report - February 2018

Why Penway Place?

It's time to invest in the west. Penrith is a key part of Western Sydney's future and growth. In collaboration with Penrith City Council and the community, TOGA is meeting that growth with a new urban village.

Watch the video to get a detailed overview of Penway Place.


To register your interest in Penway Place, please fill in the form below or call our sales team on 1800 736 929.

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