Blayney vs Hanwood

Houses cost about the same in both suburbs: the median house price is $625K in Blayney and $625K in Hanwood.

For units, Blayney sits at a median of $495K against $400K in Hanwood, which makes Hanwood the more affordable unit market and Blayney the pricier one.

On cash flow, Blayney leads: houses there return a gross rental yield of 4.61%, compared with 3.86% in Hanwood, a gap of 0.75 percentage points.

Over the past year house prices moved +11.4% in Blayney and +0.5% in Hanwood (an estimate), so recent momentum favours Blayney, although both suburbs recorded growth.

Rental vacancy is 1.1% in Hanwood and 1.2% in Blayney, so landlords in Hanwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Blayney is the bigger suburb, with a population of 3,448 against 1,388, roughly 2.5 times the size of Hanwood; a larger suburb usually means a deeper pool of buyers and tenants.

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