History

Penshurst was named after Penshurst, Kent, England. Originally part of the land grant to Robert Townson (1763–1827), the land was acquired in 1830 by John Connell, who left it to his grandsons J.C. and E.P. Laycock. Connell's Bush was subdivided by the Laycocks and the western part sold to Thomas Sutcliffe Mort.

The early work in the area was timber-cutting and small farming. The railway station opened 17 May 1890.[4] A large portion of Penshurst located south of the railway line is referred to as the MacRae's Estate, as it was once owned by the MacRae family. This particular area is now between Laycock Road and Grove Avenue, and Hillcrest and Railway Parade. The original homestead is still present on Laycock Road, along with a caretakers house for the stables. McRaes Reserve used to have a river running through it and the path of that river is now replaced with an underground rainwater system.  (Wikipedia)