Canley Heights vs Narrawallee
Property investment comparison - Canley Heights, NSW 2166 vs Narrawallee, NSW 2539
Head-to-head across core investment metrics: Canley Heights wins 4, Narrawallee 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 | Canley Heights | Narrawallee |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | $730K | $695K |
| Gross rental yield (houses) | 2.79% | 2.64% |
| Gross rental yield (units) | 4.83% | 4.54% |
| 1-year house growth | +8.2%estimate | +5.9%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.4% | 1.4% |
| Population | 12,320 | 1,487 |
Canley Heights vs Narrawallee: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.4M in Canley Heights and $1.4M in Narrawallee.
For units, Canley Heights sits at a median of $730K against $695K in Narrawallee, which makes Narrawallee the more affordable unit market and Canley Heights the pricier one.
On cash flow, Canley Heights leads: houses there return a gross rental yield of 2.79%, compared with 2.64% in Narrawallee, a gap of 0.15 percentage points.
Over the past year house prices moved +8.2% in Canley Heights (an estimate) and +5.9% in Narrawallee (an estimate), so recent momentum favours Canley Heights, although both suburbs recorded growth.
Rental vacancy is the same in both, at 1.4%.
Canley Heights is the bigger suburb, with a population of 12,320 against 1,487, roughly 8 times the size of Narrawallee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Canley Heights for rental income, Canley Heights for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Canley Heights, NSW 2166
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