Allambie Heights vs Pagewood

Houses cost about the same in both suburbs: the median house price is $2.8M in Allambie Heights and $2.8M in Pagewood.

For units, Allambie Heights sits at a median of $310K against $1.0M in Pagewood, which makes Allambie Heights the more affordable unit market and Pagewood the pricier one.

Over the past year house prices moved +4.2% in Allambie Heights and +0.4% in Pagewood, so recent momentum favours Allambie Heights, although both suburbs recorded growth.

Looking back three years, Allambie Heights houses are +17.8% and Pagewood houses +12.4%, so Allambie Heights has compounded faster than Pagewood over the longer window.

Rental vacancy is 0.7% in Pagewood and 1.9% in Allambie Heights, so landlords in Pagewood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Allambie Heights is the bigger suburb, with a population of 7,317 against 3,885, larger than Pagewood; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allambie Heights for recent price momentum, Pagewood for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.