Greendale vs Port Kembla
Property investment comparison - Greendale, NSW 2745 vs Port Kembla, NSW 2505
Head-to-head across core investment metrics: Greendale wins 2, Port Kembla 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 | Greendale | Port Kembla |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $745K | $675K |
| Gross rental yield (houses) | 3.51% | 3.17% |
| Gross rental yield (units) | 4.57% | 3.53% |
| 1-year house growth | - | +4.3% |
| 3-year house growth | - | +25.0% |
| Vacancy rate | 2.6% | 0.9% |
| Population | 314 | 5,088 |
Greendale vs Port Kembla: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.1M in Greendale and $1.1M in Port Kembla.
For units, Greendale sits at a median of $745K against $675K in Port Kembla, which makes Port Kembla the more affordable unit market and Greendale the pricier one.
On cash flow, Greendale leads: houses there return a gross rental yield of 3.51%, compared with 3.17% in Port Kembla, a gap of 0.34 percentage points.
Rental vacancy is 0.9% in Port Kembla and 2.6% in Greendale, so landlords in Port Kembla face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Port Kembla is the bigger suburb, with a population of 5,088 against 314, roughly 16 times the size of Greendale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Greendale for rental income, Port Kembla 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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