Condell Park vs Padstow Heights

Houses cost about the same in both suburbs: the median house price is $1.7M in Condell Park and $1.7M in Padstow Heights.

On cash flow, Padstow Heights leads: houses there return a gross rental yield of 3.17%, compared with 2.80% in Condell Park, a gap of 0.37 percentage points.

Over the past year house prices moved +8.1% in Condell Park and +9.6% in Padstow Heights, so recent momentum favours Padstow Heights, although both suburbs recorded growth.

Looking back three years, Condell Park houses are +28.9% and Padstow Heights houses +17.7%, so Condell Park has compounded faster than Padstow Heights over the longer window.

Rental vacancy is 1.4% in Condell Park and 2.8% in Padstow Heights, so landlords in Condell Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Condell Park is the bigger suburb, with a population of 13,066 against 3,594, roughly 3.6 times the size of Padstow Heights; a larger suburb usually means a deeper pool of buyers and tenants.

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