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Birrong vs Lapstone

Property investment comparison - Birrong, NSW 2143 vs Lapstone, NSW 2773

Head-to-head across core investment metrics: Birrong wins 3, Lapstone wins 1. 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.

MetricBirrongLapstone
Median house price$1.4M$1.4M
Median unit price-$940K
Gross rental yield (houses)2.87%2.84%
Gross rental yield (units)3.31%2.24%
1-year house growth+3.0%estimate+14.3%estimate
3-year house growth--
Vacancy rate0.8%2.4%
Population3,331948

Birrong vs Lapstone: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1.4M in Birrong and $1.4M in Lapstone.

Gross rental yield on houses is effectively level, at 2.87% in Birrong and 2.84% in Lapstone, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +3.0% in Birrong (an estimate) and +14.3% in Lapstone (an estimate), so recent momentum favours Lapstone, although both suburbs recorded growth.

Rental vacancy is 0.8% in Birrong and 2.4% in Lapstone, so landlords in Birrong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Birrong is the bigger suburb, with a population of 3,331 against 948, roughly 3.5 times the size of Lapstone; a larger suburb usually means a deeper pool of buyers and tenants.

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

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