Penguin
Suburb profile, market snapshot and recent listings for Penguin, TAS 7316.
About Penguin
Welcome to Penguin
Penguin sits on Tasmania's North-West Coast, about 15 minutes' drive east of Ulverstone and a similar distance west of Devonport, strung along the Bass Highway with the sea on one side and rolling farmland on the other. It's a town that trades on its name shamelessly — giant penguin statues dot the main street — but underneath the novelty is a genuinely appealing small coastal community with a working foreshore, a heritage streetscape and views across the strait that locals never quite get tired of.
With a population of 4,132 and a median age of 47, Penguin is a place that suits families wanting space and a slower pace, retirees drawn to the coastal outlook, and commuters happy to trade a longer drive for a lower mortgage and a life closer to the water. It's not a suburb chasing city-style density — it's a coastal town that has kept its own identity while quietly becoming one of the more sought-after addresses on the North-West Coast.
Lifestyle & dining
Penguin's main street is the heart of daily life — a walkable strip of cafes, bakeries, an old-fashioned market on Sundays, and independent shops housed in weatherboard and brick buildings that give the town a distinct, unhurried character. The foreshore reserve, with its boardwalk, picnic areas and views out to Bass Strait, is where a lot of the socialising happens, especially in the warmer months when the town's population swells with visitors passing through on the coastal drive between Ulverstone and Devonport.
It's a low-key lifestyle by design: fish and chips by the water, a coffee at a local cafe, a wander past the murals and penguin statues that have become the town's calling card. For anything more, Ulverstone and Devonport are both a short drive away with fuller retail and dining options.
Shopping
Everyday shopping is well covered locally, with a supermarket and a cluster of specialty stores, pharmacies and cafes along the main strip. For bigger shopping trips, residents typically head to Ulverstone or Devonport, both within easy reach, which offer larger retail centres, major supermarkets and homewares and department stores that a town of Penguin's size doesn't need to duplicate.
Getting around
The Bass Highway runs straight through Penguin, making it a straightforward drive to Ulverstone in one direction and Devonport, with its airport and Bass Strait ferry terminal, in the other. Coastal bus services connect Penguin to both towns for those without a car, and the town itself is compact and flat enough in parts to get around on foot, particularly along the foreshore and main street.
Neighbouring localities like Preservation Bay and West Ulverstone are only minutes away, and the layout of the coast means most day-to-day errands, school runs and commutes stay within a short, predictable drive.
Schools & families
Families in Penguin have solid local options, including Penguin District School and North West Christian School, both giving residents the ability to keep schooling close to home rather than commuting further afield. The town's slower pace, foreshore parks and sense of community are also part of the appeal for young families and those relocating from busier parts of the state.
Parks & recreation
The foreshore reserve is Penguin's standout outdoor asset — a stretch of parkland, walking paths and beach access that doubles as the town's social hub and its main drawcard for visitors. Beyond that, the surrounding hinterland offers walking tracks and lookouts, while the coastal setting means swimming, fishing and beach walks are all part of everyday life rather than special occasions.
The property market
Penguin's property market reflects its appeal as a coastal town within commuting distance of larger centres. The median house price currently sits at $610,000, having grown 8.9% recently, a sign of steady demand for a location that offers water views and a relaxed lifestyle without Hobart or Launceston prices. Median rent is $475 a week, reasonable for a coastal position on the North-West Coast.
Listings are dominated by houses, which make up around 70% of current stock, with land making up 26% and a small remainder of townhouses and apartments — underlining that this is very much a house-and-land market rather than one built around medium or high-density living. That mix suits the buyer profile: families and downsizers after standalone homes with room to move, rather than lock-up-and-leave apartments.
Market snapshot
Penguin property market
Median sale price
$610k
House · 3 bed
Median rent
$475
per week
Gross rental yield
4.0%
annual rent ÷ sale price
Typical price range
Entry
$485k
Median
$610k
Premium
$911k
Days on market
38
Auction clearance
0%
Sold this year
47
Median sold price trend · House 3 bed
Compound growth +8.0% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Penguin by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Penguin, TAS 7316.
Population
4,132
residents (2021)
Median age
47
years
Household income
$1,301
median, per week
Median rent
$260
per week
Median mortgage
$1,300
per month
Mortgage / income
23%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Penguin
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Penguin
$600k
79 Deviation Road
Sold ~July 2026
$570k
4 & 5/143 South Road
Sold ~July 2026
$477k
2 Sunnyridge Avenue
Sold ~July 2026
$595k
6 South Road
Sold ~July 2026
$510k
4 Fielding Street
Sold ~July 2026
$895k
22 Peppermint Drive
Sold ~June 2026
$620k
120 Ironcliffe Rd
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Penguin
Compare the area
Price map around Penguin
Every listing for sale near Penguin, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Penguin suburb FAQ
What is the median property price in Penguin?
The median house price in Penguin, TAS is $610k for a 3-bedroom home. Over the past year, median sold prices have risen about 8.9%.
How much is rent in Penguin?
The median weekly rent in Penguin is around $475 per week.
Is Penguin a good place to live?
Penguin is a town on the north coast of Tasmania, Australia. Penguin is an established residential suburb in TAS, with a population of around 4,132 and 2 schools in the area.
What is the population of Penguin?
Penguin has a population of 4,132 (ABS 2021 Census), with a median age of 47.
What schools are in Penguin?
There are 2 schools in or near Penguin, including North West Christian School and Penguin District School.
How long do homes take to sell in Penguin?
Properties in Penguin take around 38 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Penguin?
Entry-level properties in Penguin start around $485k, while premium homes reach $911k.
What suburbs are near Penguin?
Suburbs near Penguin include Preservation Bay and West Ulverstone.
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