Canley Heights vs Towradgi

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

For units, Canley Heights sits at a median of $730K against $850K in Towradgi, which makes Canley Heights the more affordable unit market and Towradgi the pricier one.

On cash flow, Towradgi leads: houses there return a gross rental yield of 3.00%, compared with 2.79% in Canley Heights, a gap of 0.21 percentage points.

Over the past year house prices moved +8.2% in Canley Heights (an estimate) and +7.5% in Towradgi (an estimate), so recent momentum favours Canley Heights, although both suburbs recorded growth.

Rental vacancy is 0.7% in Towradgi and 1.4% in Canley Heights, so landlords in Towradgi 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 3,241, roughly 3.8 times the size of Towradgi; a larger suburb usually means a deeper pool of buyers and tenants.

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