Acacia Hills vs Penna
Property investment comparison - Acacia Hills, TAS 7306 vs Penna, TAS 7171
Head-to-head across core investment metrics: Acacia Hills wins 2, Penna wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Acacia Hills | Penna |
|---|---|---|
| Median house price | $800K | - |
| Median unit price | $420K | $530K |
| Gross rental yield (houses) | 2.96% | 3.47% |
| Gross rental yield (units) | 4.48% | 4.55% |
| 1-year house growth | +7.6% | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.8% | 5.4% |
| Population | 729 | 437 |
Acacia Hills vs Penna: what the numbers say
For units, Acacia Hills sits at a median of $420K against $530K in Penna, which makes Acacia Hills the more affordable unit market and Penna the pricier one.
On cash flow, Penna leads: houses there return a gross rental yield of 3.47%, compared with 2.96% in Acacia Hills, a gap of 0.51 percentage points.
Rental vacancy is 0.8% in Acacia Hills and 5.4% in Penna, so landlords in Acacia Hills face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Acacia Hills is the bigger suburb, with a population of 729 against 437, larger than Penna; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Penna for rental income, Acacia Hills for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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