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Penrith vs Blackett vs Moree — which is best for rental demand?

Same eight metrics, scored against the same benchmark, ranked against a $900kbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Penrith

    NSW · 2750
    51Average
    Median
    $895k
    5y growth
    7.8%/yr
    GrowthStable but fully priced

  2. Blackett

    NSW · 2770
    44Below trend
    Median
    $868k
    5y growth
    5.0%/yr
    BalancedStable but fully priced

  3. Moree

    NSW · 2400
    43Below trend
    Median
    $390k
    5y growth
    5.0%/yr
    BalancedWatch supply easing

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Penrith
Blackett
Moree
Capital growth (5y)
weight 22%
787.8%/yr
505.0%/yr
505.0%/yr
Rental yield
weight 13%
442.2%
371.9%
613.1%
Rental demand
weight 10%
681.3%
681.3%
352.6%
Population growth
weight 12%
656.5%
656.5%
656.5%
Income growth
weight 12%
6416.0%
6416.0%
5213.0%
Construction pipeline
weight 15%
0–
0–
0–
Affordability
weight 8%
11% under cap
44% under cap
5757% under cap
Supply tightening
weight 8%
75-5.0% YoY
75-5.0% YoY
20+6.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Penrith

    1/8
    • Capital growth (5y)

  2. Blackett

    0/8

    No outright lead on any single dimension.

  3. Moree

    2/8
    • Rental yield
    • Affordability

Why Penrith

Stable but fully priced

7.8%/yr capital growth, listings tightening 5.0% YoY.

Drivers
  • Capital growth7.8%/yr
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Population growth+6.5% (5y)
Risks
  • At top of budget (99% of cap)
  • Thin gross yield (2.2%)

Construction ·M12 Motorway14.7 kmConstruction · 2026

Why Blackett

Stable but fully priced

listings tightening 5.0% YoY, tight 1.3% vacancy.

Drivers
  • Supply tightening-5.0% YoY
  • Tight rentals1.3%
  • Population growth+6.5% (5y)
  • Income growth+16.0% (5y)
Risks
  • At top of budget (96% of cap)
  • Thin gross yield (1.9%)

Construction ·M12 Motorway14.3 kmConstruction · 2026

Why Moree

Watch supply easing

population +6.5% (5y), 3.1% gross yield.

Drivers
  • Population growth+6.5% (5y)
  • Rental yield3.1%
Risks
  • Listings up 6.0% YoY — supply easing
  • No major construction project in this state

Construction ·Sydney Metro West — Parramatta496.1 kmConstruction · 2030