Annangrove vs Willoughby

The median house price is $3.5M in Annangrove and $3.6M in Willoughby, so Annangrove is the cheaper entry point, with Willoughby houses about 2% dearer.

For units, Annangrove sits at a median of $1.4M against $1.5M in Willoughby, which makes Annangrove the more affordable unit market and Willoughby the pricier one.

On cash flow, Willoughby leads: houses there return a gross rental yield of 1.94%, compared with 1.58% in Annangrove, a gap of 0.36 percentage points.

Over the past year house prices moved -7.2% in Annangrove and +1.1% in Willoughby, so recent momentum favours Willoughby, while Annangrove went backwards.

Looking back three years, Annangrove houses are -2.0% and Willoughby houses +7.5%, so Willoughby has compounded faster than Annangrove over the longer window.

Rental vacancy is 1.7% in Annangrove and 2.2% in Willoughby, so landlords in Annangrove face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Willoughby is the bigger suburb, with a population of 7,124 against 1,472, roughly 4.8 times the size of Annangrove; a larger suburb usually means a deeper pool of buyers and tenants.

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