Burringbar vs Warrawong

Houses cost about the same in both suburbs: the median house price is $905K in Burringbar and $905K in Warrawong.

For units, Burringbar sits at a median of $575K against $490K in Warrawong, which makes Warrawong the more affordable unit market and Burringbar the pricier one.

On cash flow, Burringbar leads: houses there return a gross rental yield of 4.69%, compared with 3.74% in Warrawong, a gap of 0.95 percentage points.

Over the past year house prices moved -7.8% in Burringbar (an estimate) and +8.3% in Warrawong (an estimate), so recent momentum favours Warrawong, while Burringbar went backwards.

Rental vacancy is 0.5% in Warrawong and 0.7% in Burringbar, so landlords in Warrawong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Warrawong is the bigger suburb, with a population of 4,659 against 878, roughly 5 times the size of Burringbar; a larger suburb usually means a deeper pool of buyers and tenants.

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