Refinancing in Penrith: what you need to know in 2025
Penrith sits at the foot of the Blue Mountains and the western edge of Greater Sydney — a city in its own right with a significant employment and retail hub, but still very much part of the Sydney property market. The combination of relative affordability, improving infrastructure (Western Sydney Airport at Badgerys Creek is reshaping the broader region), and strong community facilities has driven consistent demand from first-home buyers and families priced out of inner Sydney.
The Penrith mortgage market skews younger than inner Sydney — many borrowers purchased in their late 20s and 30s, often with modest deposits, and are now a few years into their loan journey. Some face the specific challenge of purchased-high-LVR mortgages from the 2020–2022 first-home buyer rush. Others who bought earlier are sitting on strong equity positions as Penrith values rose substantially over the same period. Both groups have refinancing opportunities worth exploring.
Is now a good time to refinance in Penrith?
Penrith borrowers face the same national rate environment as everyone else — the gap between existing rates (~6.5%) and available market rates (~5.69%) is just as wide in Penrith as in Double Bay. On a $570,000 Penrith loan, 0.8% equals approximately $380/month. The relative modesty of the saving in dollar terms compared to Eastern Suburbs loans does not change the significance of $380/month for a Penrith family budget. And with QLD — sorry, NSW's — lower barrier to switching, the cost-benefit usually stacks up within 2–3 months.
Penrith property market snapshot
| Median house price | $820,000 |
| Median unit / apartment | $510,000 |
| Typical mortgage balance | $480,000–$680,000 |
| Average existing variable rate | ~6.5% p.a. |
| Our best variable rate (from) | 5.69% p.a. |
| Average monthly saving (our clients) | $350 |
Sources: CoreLogic, ABS, RBA. Rates as at June 2025. Indicative only.
Western Sydney Airport and the Aerotropolis
The Western Sydney Airport development at Badgerys Creek is creating a long-term structural tailwind for property values across the Penrith, Liverpool, and Campbelltown corridors. Properties within the Western Parkland City catchment are receiving significant infrastructure investment, and the employment precinct being built around the airport is expected to generate tens of thousands of jobs. For Penrith homeowners, this is a long-term positive for valuations that strengthens the case for locking in equity improvements now through refinancing.
Areas we serve near Penrith
We service all of Penrith and surrounding suburbs including: Penrith, Kingswood, St Marys, Werrington, Cambridge Park, Emu Plains, Glenmore Park, Regentville, Jamisontown, South Penrith, Cranebrook, Orchard Hills, Claremont Meadows, Colyton, St Clair, Erskine Park, and all Penrith LGA suburbs.
Documents you will need
- Income: Last 2 payslips, or 2 years tax returns if self-employed
- Property: Current council rates notice
- Existing loan: Most recent mortgage statement
- ID: Driver licence or passport
- Bank statements: 3 months of transaction history