Canley Heights vs Pendle Hill

Houses cost about the same in both suburbs: the median house price is $1.4M in Canley Heights and $1.4M in Pendle Hill.

For units, Canley Heights sits at a median of $730K against $510K in Pendle Hill, which makes Pendle Hill 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 2.60% in Pendle Hill, a gap of 0.19 percentage points.

Over the past year house prices moved +8.2% in Canley Heights (an estimate) and +5.5% in Pendle Hill (an estimate), so recent momentum favours Canley Heights, although both suburbs recorded growth.

Rental vacancy is 1.4% in Canley Heights and 1.8% in Pendle Hill, so landlords in Canley Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Canley Heights is the bigger suburb, with a population of 12,320 against 7,743, larger than Pendle Hill; 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, Canley Heights for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.