Chittaway Bay vs Lake Heights

Houses cost about the same in both suburbs: the median house price is $925K in Chittaway Bay and $925K in Lake Heights.

For units, Chittaway Bay sits at a median of $670K against $790K in Lake Heights, which makes Chittaway Bay the more affordable unit market and Lake Heights the pricier one.

Over the past year house prices moved +7.4% in Chittaway Bay and +4.7% in Lake Heights, so recent momentum favours Chittaway Bay, although both suburbs recorded growth.

Looking back three years, Chittaway Bay houses are +12.6% and Lake Heights houses +20.0%, so Lake Heights has compounded faster than Chittaway Bay over the longer window.

Rental vacancy is 0.7% in Chittaway Bay and 2.0% in Lake Heights, so landlords in Chittaway Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Lake Heights is the bigger suburb, with a population of 4,105 against 1,987, roughly 2.1 times the size of Chittaway Bay; a larger suburb usually means a deeper pool of buyers and tenants.

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