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Elanora Heights vs Wagstaffe

Property investment comparison - Elanora Heights, NSW 2101 vs Wagstaffe, NSW 2257

Head-to-head across core investment metrics: Elanora Heights wins 2, Wagstaffe wins 1. 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.

MetricElanora HeightsWagstaffe
Median house price$2.6M$2.6M
Median unit price-$870K
Gross rental yield (houses)2.89%1.61%
Gross rental yield (units)-3.88%
1-year house growth+1.5%estimate+4.2%
3-year house growth--
Vacancy rate3.0%3.8%
Population4,581240

Elanora Heights vs Wagstaffe: what the numbers say

Houses cost about the same in both suburbs: the median house price is $2.6M in Elanora Heights and $2.6M in Wagstaffe.

On cash flow, Elanora Heights leads: houses there return a gross rental yield of 2.89%, compared with 1.61% in Wagstaffe, a gap of 1.28 percentage points.

Over the past year house prices moved +1.5% in Elanora Heights (an estimate) and +4.2% in Wagstaffe, so recent momentum favours Wagstaffe, although both suburbs recorded growth.

Rental vacancy is 3.0% in Elanora Heights and 3.8% in Wagstaffe, so landlords in Elanora Heights face less competition for tenants.

Elanora Heights is the bigger suburb, with a population of 4,581 against 240, roughly 19 times the size of Wagstaffe; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Elanora Heights for rental income, Wagstaffe for recent price momentum, Elanora Heights 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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