Constitution Hill vs Parklea
Property investment comparison - Constitution Hill, NSW 2145 vs Parklea, NSW 2768
Head-to-head across core investment metrics: Constitution Hill wins 1, Parklea wins 4. 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 | Constitution Hill | Parklea |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | - | $690K |
| Gross rental yield (houses) | 2.69% | 3.03% |
| Gross rental yield (units) | 4.77% | 4.95% |
| 1-year house growth | -1.0%estimate | +3.7% |
| 3-year house growth | - | +5.6% |
| Vacancy rate | 1.9% | 1.8% |
| Population | 4,030 | 3,684 |
Constitution Hill vs Parklea: what the numbers say
The median house price is $1.5M in Constitution Hill and $1.5M in Parklea, so Constitution Hill is the cheaper entry point.
On cash flow, Parklea leads: houses there return a gross rental yield of 3.03%, compared with 2.69% in Constitution Hill, a gap of 0.34 percentage points.
Over the past year house prices moved -1.0% in Constitution Hill (an estimate) and +3.7% in Parklea, so recent momentum favours Parklea, while Constitution Hill went backwards.
Rental vacancy is 1.8% in Parklea and 1.9% in Constitution Hill, so landlords in Parklea face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Constitution Hill is the bigger suburb, with a population of 4,030 against 3,684, larger than Parklea; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Parklea for rental income, Constitution Hill for a lower purchase price, Parklea for recent price momentum, Parklea for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Constitution Hill, NSW 2145
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