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Blackalls Park vs Koonawarra

Property investment comparison - Blackalls Park, NSW 2283 vs Koonawarra, NSW 2530

Head-to-head across core investment metrics: Blackalls Park wins 2, Koonawarra 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.

MetricBlackalls ParkKoonawarra
Median house price$835K$835K
Median unit price$630K-
Gross rental yield (houses)-4.18%
Gross rental yield (units)4.87%4.46%
1-year house growth+10.9%estimate+8.4%
3-year house growth-+20.2%
Vacancy rate2.5%0.5%
Population2,8123,732

Blackalls Park vs Koonawarra: what the numbers say

Houses cost about the same in both suburbs: the median house price is $835K in Blackalls Park and $835K in Koonawarra.

Over the past year house prices moved +10.9% in Blackalls Park (an estimate) and +8.4% in Koonawarra, so recent momentum favours Blackalls Park, although both suburbs recorded growth.

Rental vacancy is 0.5% in Koonawarra and 2.5% in Blackalls Park, so landlords in Koonawarra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Koonawarra is the bigger suburb, with a population of 3,732 against 2,812, larger than Blackalls Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Blackalls Park for recent price momentum, Koonawarra 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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