Annandale vs Cherrybrook

The median house price is $2.4M in Annandale and $2.4M in Cherrybrook, so Cherrybrook is the cheaper entry point.

For units, Annandale sits at a median of $950K against $1.6M in Cherrybrook, which makes Annandale the more affordable unit market and Cherrybrook the pricier one.

On cash flow, Cherrybrook leads: houses there return a gross rental yield of 2.49%, compared with 2.42% in Annandale, a gap of 0.07 percentage points.

Over the past year house prices moved +3.6% in Annandale and -0.8% in Cherrybrook, so recent momentum favours Annandale, while Cherrybrook went backwards.

Looking back three years, Annandale houses are +0.7% and Cherrybrook houses +3.4%, so Cherrybrook has compounded faster than Annandale over the longer window.

Rental vacancy is 1.4% in Cherrybrook and 1.9% in Annandale, so landlords in Cherrybrook face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Cherrybrook is the bigger suburb, with a population of 19,082 against 9,487, roughly 2.0 times the size of Annandale; a larger suburb usually means a deeper pool of buyers and tenants.

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