As stated, the name Pennydale was chosen in the 1950s to avoid confusion with post offices in Highett and Cheltenham. It was proposed by Cr Everest A Le Page (Moorabbin City Council) that the new post office be named in recognition of the contribution of Edwin Thomas Penny, a man that had been a friend of both his Father and his Grandfather in the district as it opened up as well as a fellow Councillor and Mayor of the Shire. This nomination was made following a request from the Post Master Generals Office for the council to suggest a suitable name. Cr Le Page also noted that Edwin Penny had primarily been responsible for the South African Boer War Memorial in Cheltenham. A member of the Penny Family is listed as a returned soldier on that monument (L W 4 Penny). The memorial was placed on the corner of Charman Road and the Point Nepean Road and originally was built with 2 wonderful lamps and a drinking fountain. The Moorabbin Council surveyed residents in the area, who agreed with the name Pennydale as many residents already used that name at the time anyway.