Balcolyn vs Morpeth
Property investment comparison - Balcolyn, NSW 2264 vs Morpeth, NSW 2321
Head-to-head across core investment metrics: Balcolyn wins 2, Morpeth wins 3. 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 | Balcolyn | Morpeth |
|---|---|---|
| Median house price | $870K | $870K |
| Median unit price | $580K | $735K |
| Gross rental yield (houses) | 3.70% | - |
| Gross rental yield (units) | 5.12% | 3.80% |
| 1-year house growth | +3.4% | +6.0% |
| 3-year house growth | +10.7% | +22.9% |
| Vacancy rate | 2.6% | 0.5% |
| Population | 1,002 | 1,686 |
Balcolyn vs Morpeth: what the numbers say
Houses cost about the same in both suburbs: the median house price is $870K in Balcolyn and $870K in Morpeth.
For units, Balcolyn sits at a median of $580K against $735K in Morpeth, which makes Balcolyn the more affordable unit market and Morpeth the pricier one.
Over the past year house prices moved +3.4% in Balcolyn and +6.0% in Morpeth, so recent momentum favours Morpeth, although both suburbs recorded growth.
Looking back three years, Balcolyn houses are +10.7% and Morpeth houses +22.9%, so Morpeth has compounded faster than Balcolyn over the longer window.
Rental vacancy is 0.5% in Morpeth and 2.6% in Balcolyn, so landlords in Morpeth face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Morpeth is the bigger suburb, with a population of 1,686 against 1,002, larger than Balcolyn; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Morpeth for recent price momentum, Morpeth 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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