Condell Park vs Panania
Property investment comparison - Condell Park, NSW 2200 vs Panania, NSW 2213
Head-to-head across core investment metrics: Condell Park wins 3, Panania wins 2. 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 | Condell Park | Panania |
|---|---|---|
| Median house price | $1.7M | $1.7M |
| Median unit price | $990K | $900K |
| Gross rental yield (houses) | 2.80% | - |
| Gross rental yield (units) | 3.95% | 4.33% |
| 1-year house growth | +8.1% | +7.3% |
| 3-year house growth | +28.9% | +18.7% |
| Vacancy rate | 1.4% | 1.9% |
| Population | 13,066 | 13,507 |
Condell Park vs Panania: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.7M in Condell Park and $1.7M in Panania.
For units, Condell Park sits at a median of $990K against $900K in Panania, which makes Panania the more affordable unit market and Condell Park the pricier one.
Over the past year house prices moved +8.1% in Condell Park and +7.3% in Panania, so recent momentum favours Condell Park, although both suburbs recorded growth.
Looking back three years, Condell Park houses are +28.9% and Panania houses +18.7%, so Condell Park has compounded faster than Panania over the longer window.
Rental vacancy is 1.4% in Condell Park and 1.9% in Panania, 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.
Panania is the bigger suburb, with a population of 13,507 against 13,066, larger than Condell Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Condell Park 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.
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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