Cheltenham vs Wagstaffe
Property investment comparison - Cheltenham, NSW 2119 vs Wagstaffe, NSW 2257
Head-to-head across core investment metrics: Cheltenham wins 2, Wagstaffe 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 | Cheltenham | Wagstaffe |
|---|---|---|
| Median house price | $2.7M | $2.6M |
| Median unit price | - | $870K |
| Gross rental yield (houses) | 1.85% | 1.61% |
| Gross rental yield (units) | 2.77% | 3.88% |
| 1-year house growth | -8.2%estimate | +4.2% |
| 3-year house growth | - | - |
| Vacancy rate | 1.2% | 3.8% |
| Population | 2,166 | 240 |
Cheltenham vs Wagstaffe: what the numbers say
The median house price is $2.7M in Cheltenham and $2.6M in Wagstaffe, so Wagstaffe is the cheaper entry point, with Cheltenham houses about 1% dearer.
On cash flow, Cheltenham leads: houses there return a gross rental yield of 1.85%, compared with 1.61% in Wagstaffe, a gap of 0.24 percentage points.
Over the past year house prices moved -8.2% in Cheltenham (an estimate) and +4.2% in Wagstaffe, so recent momentum favours Wagstaffe, while Cheltenham went backwards.
Rental vacancy is 1.2% in Cheltenham and 3.8% in Wagstaffe, so landlords in Cheltenham face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cheltenham is the bigger suburb, with a population of 2,166 against 240, roughly 9 times the size of Wagstaffe; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cheltenham for rental income, Wagstaffe for a lower purchase price, Wagstaffe for recent price momentum, Cheltenham 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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