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Penrose is a small town in the Southern Highlands of New South Wales, Australia, in Wingecarribee Shire. It has a station on the Main Southern railway line served by NSW TrainLink's Southern Highlands Line. At the 2016 census, Penrose had a population of 247.
Penrose also has a small general store, a cafe, rural fire brigade and a timber mill as well as a hardware store.