Burnett Heads vs Parramatta Park

Houses cost about the same in both suburbs: the median house price is $760K in Burnett Heads and $760K in Parramatta Park.

For units, Burnett Heads sits at a median of $535K against $465K in Parramatta Park, which makes Parramatta Park the more affordable unit market and Burnett Heads the pricier one.

On cash flow, Parramatta Park leads: houses there return a gross rental yield of 4.27%, compared with 4.19% in Burnett Heads, a gap of 0.08 percentage points.

Over the past year house prices moved +9.9% in Burnett Heads and +15.8% in Parramatta Park (an estimate), so recent momentum favours Parramatta Park, although both suburbs recorded growth.

Rental vacancy is 0.6% in Parramatta Park and 1.8% in Burnett Heads, so landlords in Parramatta Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Parramatta Park is the bigger suburb, with a population of 3,621 against 2,908, larger than Burnett Heads; a larger suburb usually means a deeper pool of buyers and tenants.

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