Dulwich Hill vs Warriewood

The median house price is $2.5M in Dulwich Hill and $2.5M in Warriewood, so Warriewood is the cheaper entry point, with Dulwich Hill houses about 1% dearer.

For units, Dulwich Hill sits at a median of $970K against $1.5M in Warriewood, which makes Dulwich Hill the more affordable unit market and Warriewood the pricier one.

On cash flow, Warriewood leads: houses there return a gross rental yield of 3.32%, compared with 2.23% in Dulwich Hill, a gap of 1.09 percentage points.

Over the past year house prices moved +5.2% in Dulwich Hill (an estimate) and +3.5% in Warriewood (an estimate), so recent momentum favours Dulwich Hill, although both suburbs recorded growth.

Rental vacancy is 1.1% in Dulwich Hill and 1.6% in Warriewood, so landlords in Dulwich Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Dulwich Hill is the bigger suburb, with a population of 14,046 against 8,379, larger than Warriewood; a larger suburb usually means a deeper pool of buyers and tenants.

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