Allawah vs Balmoral
Property investment comparison - Allawah, NSW 2218 vs Balmoral, NSW 2571
Head-to-head across core investment metrics: Allawah wins 2, Balmoral wins 1. 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 | Allawah | Balmoral |
|---|---|---|
| Median house price | $1.9M | $1.9M |
| Median unit price | $840K | $665K |
| Gross rental yield (houses) | 2.45% | - |
| Gross rental yield (units) | 4.26% | 2.01% |
| 1-year house growth | -2.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.5% | 2.3% |
| Population | 5,351 | 469 |
Allawah vs Balmoral: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.9M in Allawah and $1.9M in Balmoral.
For units, Allawah sits at a median of $840K against $665K in Balmoral, which makes Balmoral the more affordable unit market and Allawah the pricier one.
Rental vacancy is 1.5% in Allawah and 2.3% in Balmoral, so landlords in Allawah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Allawah is the bigger suburb, with a population of 5,351 against 469, roughly 11 times the size of Balmoral; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Allawah 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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