Pennington 5013 - South Australia

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Pennington is a north-western suburb of Adelaide, 10 kilometres from the CBD, and falls under the City of Charles Sturt. It is adjacent to Ottoway, Athol Park, Woodville North, Cheltenham and Rosewater. It is bordered to the east by Glenroy Street, to the west by Addison Road and Eastbourne Terrace, to the south by Torrens Road and Park Avenue and to the north by Grand Junction Road.

The suburb is residential, apart from a light industrial pocket to the south. The portion of the suburb west of Addison Road appears to be older than the central section. The eastern section of the suburb previously contained a migrant hostel which catered for a large influx of Vietnamese refugees in the 1970s and 1980s, but was closed in the early 1990s after the influx had stopped, and was replaced with housing.

Pennington is home to a large immigrant population. The initial settlement of the suburb coincided with a large wave of immigrants from Eastern Europe arriving in Australia, following the Second World War. Although most of their children have moved on, a large number of immigrant retirees still live in the area. Another wave of immigration occurred in the 1980s, when Vietnamese immigrants arrived after the Vietnam War. Currently, more than 50% of the population is from a non-English speaking background.

Latest Market Price in Pennington

The median house price in Pennington has dropped -3% from $298,000 in the 6 months to March 2008 to $290,000 in the 6 months to September 2008. The long term trend for house prices in Pennington over the last 10 years is +12.6% per annum.

There is not enough data about the median unit price in Pennington over the last year for a meaningful report.

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