Allawah vs Mortdale

Houses cost about the same in both suburbs: the median house price is $1.9M in Allawah and $1.9M in Mortdale.

For units, Allawah sits at a median of $840K against $815K in Mortdale, which makes Mortdale the more affordable unit market and Allawah the pricier one.

On cash flow, Mortdale leads: houses there return a gross rental yield of 2.55%, compared with 2.45% in Allawah, a gap of 0.10 percentage points.

Over the past year house prices moved -2.9% in Allawah (an estimate) and +7.2% in Mortdale (an estimate), so recent momentum favours Mortdale, while Allawah went backwards.

Rental vacancy is 0.9% in Mortdale and 1.5% in Allawah, so landlords in Mortdale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mortdale is the bigger suburb, with a population of 10,745 against 5,351, roughly 2.0 times the size of Allawah; a larger suburb usually means a deeper pool of buyers and tenants.

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