Balgownie vs Lapstone
Property investment comparison - Balgownie, NSW 2519 vs Lapstone, NSW 2773
Head-to-head across core investment metrics: Balgownie wins 3, Lapstone wins 2. 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 | Balgownie | Lapstone |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | $940K | $940K |
| Gross rental yield (houses) | 3.21% | 2.84% |
| Gross rental yield (units) | 4.25% | 2.24% |
| 1-year house growth | +6.9% | +14.3%estimate |
| 3-year house growth | +17.7% | - |
| Vacancy rate | 0.8% | 2.4% |
| Population | 5,722 | 948 |
Balgownie vs Lapstone: what the numbers say
The median house price is $1.4M in Balgownie and $1.4M in Lapstone, so Lapstone is the cheaper entry point.
On cash flow, Balgownie leads: houses there return a gross rental yield of 3.21%, compared with 2.84% in Lapstone, a gap of 0.37 percentage points.
Over the past year house prices moved +6.9% in Balgownie and +14.3% in Lapstone (an estimate), so recent momentum favours Lapstone, although both suburbs recorded growth.
Rental vacancy is 0.8% in Balgownie and 2.4% in Lapstone, so landlords in Balgownie face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Balgownie is the bigger suburb, with a population of 5,722 against 948, roughly 6 times the size of Lapstone; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Balgownie for rental income, Lapstone for a lower purchase price, Lapstone for recent price momentum, Balgownie 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison