Currarong vs Woy Woy

Houses cost about the same in both suburbs: the median house price is $1.1M in Currarong and $1.1M in Woy Woy.

For units, Currarong sits at a median of $625K against $800K in Woy Woy, which makes Currarong the more affordable unit market and Woy Woy the pricier one.

On cash flow, Woy Woy leads: houses there return a gross rental yield of 3.10%, compared with 2.50% in Currarong, a gap of 0.60 percentage points.

Over the past year house prices moved -6.0% in Currarong and +7.9% in Woy Woy (an estimate), so recent momentum favours Woy Woy, while Currarong went backwards.

Rental vacancy is 0.9% in Woy Woy and 2.8% in Currarong, so landlords in Woy Woy face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Woy Woy is the bigger suburb, with a population of 11,072 against 479, roughly 23 times the size of Currarong; a larger suburb usually means a deeper pool of buyers and tenants.

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