Bywong vs Panania
Property investment comparison - Bywong, NSW 2621 vs Panania, NSW 2213
Head-to-head across core investment metrics: Bywong wins 5, Panania 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.
| Metric | Bywong | Panania |
|---|---|---|
| Median house price | $1.7M | $1.7M |
| Median unit price | $635K | $900K |
| Gross rental yield (houses) | 2.73% | - |
| Gross rental yield (units) | 4.61% | 4.33% |
| 1-year house growth | +5.1% | +7.3% |
| 3-year house growth | +28.4% | +18.7% |
| Vacancy rate | 1.3% | 1.9% |
| Population | 1,342 | 13,507 |
Bywong vs Panania: what the numbers say
The median house price is $1.7M in Bywong and $1.7M in Panania, so Bywong is the cheaper entry point.
For units, Bywong sits at a median of $635K against $900K in Panania, which makes Bywong the more affordable unit market and Panania the pricier one.
Over the past year house prices moved +5.1% in Bywong and +7.3% in Panania, so recent momentum favours Panania, although both suburbs recorded growth.
Looking back three years, Bywong houses are +28.4% and Panania houses +18.7%, so Bywong has compounded faster than Panania over the longer window.
Rental vacancy is 1.3% in Bywong and 1.9% in Panania, so landlords in Bywong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Panania is the bigger suburb, with a population of 13,507 against 1,342, roughly 10 times the size of Bywong; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Bywong for a lower purchase price, Panania for recent price momentum, Bywong for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison