Callala Bay vs Winmalee
Property investment comparison - Callala Bay, NSW 2540 vs Winmalee, NSW 2777
Head-to-head across core investment metrics: Callala Bay wins 2, Winmalee wins 2. 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 | Callala Bay | Winmalee |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | $680K |
| Gross rental yield (houses) | 3.01% | 3.60% |
| Gross rental yield (units) | 6.17% | 4.70% |
| 1-year house growth | +1.4% | +7.8% |
| 3-year house growth | - | +26.4% |
| Vacancy rate | 0.8% | 2.0% |
| Population | 2,234 | 6,388 |
Callala Bay vs Winmalee: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Callala Bay and $1.1M in Winmalee.
On cash flow, Winmalee leads: houses there return a gross rental yield of 3.60%, compared with 3.01% in Callala Bay, a gap of 0.59 percentage points.
Over the past year house prices moved +1.4% in Callala Bay and +7.8% in Winmalee, so recent momentum favours Winmalee, although both suburbs recorded growth.
Rental vacancy is 0.8% in Callala Bay and 2.0% in Winmalee, so landlords in Callala Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Winmalee is the bigger suburb, with a population of 6,388 against 2,234, roughly 2.9 times the size of Callala Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Winmalee for rental income, Winmalee for recent price momentum, Callala Bay 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
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