Rent in Penshurst (2222)
The median new lease in 2222 was $630 a week in January–September 2026, from 253 leases lodged with NSW Fair Trading. That is 21% below the Sydney median of $800, and 24th cheapest of 218 Sydney postcodes.
Rent by type of home
Houses lease for a median $830 a week here and units for $620. Only home types with at least 10 new leases in January–September 2026 are shown.
| Home | Median rent ($/wk) | New leases |
|---|---|---|
| 1-bedroom unit | $490 | 37 |
| 2-bedroom unit | $625 | 142 |
| 3-bedroom unit | $800 | 16 |
| 2-bedroom house | $630 | 14 |
| 3-bedroom house | $840 | 18 |
| 4-bedroom house | $1,150 | 10 |
How rent has changed since 2021
Rent on a new lease here rose 70% in five years, from $370 a week in January–September 2021 to $630 in January–September 2026, faster than the Sydney-wide rise of 60%. Over the past year it rose 5%, against a 7% rise across Sydney.
How much of a local wage the rent takes
A year of rent at the median takes 41% of one average local wage of $80,154, compared with 46% across Sydney. That is the 156th heaviest burden of 218 Sydney postcodes, below the city average. Housing costs above 30% of income are widely treated as housing stress; a household with two average wages would spend about 20%.
Wage: average salary and wages of all residents of 2222 in ATO Taxation Statistics 2023–24, indexed to 2026 with the NSW Wage Price Index. Renters usually earn less than the average resident, so the real burden for renters is likely higher.
Getting your bond back
Of the 287 bonds refunded in 2222 in January–September 2026, 66% went back to the tenant in full and 10% went entirely to the landlord or agent. Across Sydney the figures are 63% and 12%, so tenants here are more likely than average to get their whole bond back (rank 113 of 214, where 1 is the highest full-refund rate).
The median bond was held for 725 days, about 24 months, compared with 575 days across Sydney. Bond records don't say why money went to the landlord: it can cover damage, cleaning or unpaid rent.
Compared with the region and Sydney
2222 is in the Inner South West region, where the median new lease is $730 a week.
| Median rent | 5-yr change | Rent burden | Full bond back | |
|---|---|---|---|---|
| 2222 | $630 | +70% | 41% | 66% |
| Inner South West | $730 | +62% | 49% | 57% |
| Greater Sydney | $800 | +60% | 46% | 63% |
Other postcodes in Inner South West
- 2192 Belmore$620
- 2195 Lakemba and Wiley Park$550
- 2196 Punchbowl and Roselands$655
- 2198 Georges Hall$850
- 2199 Yagoona and Yagoona West$700
- 2200 Bankstown and Bankstown Aerodrome$650
- 2205 Arncliffe and Turrella$850
- 2207 Bardwell Park and Bardwell Valley$728
- 2208 Kingsgrove and Kingsway West$850
- 2209 Beverly Hills and Narwee$700
- 2210 Lugarno and Peakhurst$750
- 2211 Padstow and Padstow Heights$800
- 2212 Revesby and Revesby Heights$870
- 2213 East Hills and Panania$900
- 2216 Banksia and Brighton Le Sands$725
- 2217 Beverley Park and Kogarah$720
- 2218 Allawah and Carlton$700
- 2219 Dolls Point and Sandringham$800
- 2220 Hurstville and Hurstville Grove$765
- 2221 Blakehurst and Carss Park$880
- 2223 Mortdale and Oatley$700
Source: NSW Fair Trading rental bond data (new leases and bond refunds, 2021–2026); ATO Taxation Statistics 2023–24. See the methodology for how these figures are calculated.