Charlestown vs Wyee
Property investment comparison - Charlestown, NSW 2290 vs Wyee, NSW 2259
Head-to-head across core investment metrics: Charlestown wins 1, Wyee wins 3. 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 | Charlestown | Wyee |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $730K | - |
| Gross rental yield (houses) | 3.50% | 3.50% |
| Gross rental yield (units) | 4.46% | 5.09% |
| 1-year house growth | +14.9% | +17.9%estimate |
| 3-year house growth | +24.0% | - |
| Vacancy rate | 1.9% | 1.4% |
| Population | 13,601 | 2,909 |
Charlestown vs Wyee: what the numbers say
The median house price is $1.1M in Charlestown and $1.1M in Wyee, so Charlestown is the cheaper entry point.
Gross rental yield on houses is effectively level, at 3.50% in Charlestown and 3.50% in Wyee, so neither suburb has a cash flow edge on houses.
Over the past year house prices moved +14.9% in Charlestown and +17.9% in Wyee (an estimate), so recent momentum favours Wyee, although both suburbs recorded growth.
Rental vacancy is 1.4% in Wyee and 1.9% in Charlestown, so landlords in Wyee face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Charlestown is the bigger suburb, with a population of 13,601 against 2,909, roughly 4.7 times the size of Wyee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Charlestown for a lower purchase price, Wyee for recent price momentum, Wyee 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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