Gregory Hills vs Woy Woy

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

For units, Gregory Hills sits at a median of $1.0M against $810K in Woy Woy, which makes Woy Woy the more affordable unit market and Gregory Hills the pricier one.

Over the past year house prices moved +8.8% in Gregory Hills and +7.7% in Woy Woy, so recent momentum favours Gregory Hills, although both suburbs recorded growth.

Looking back three years, Gregory Hills houses are +15.6% and Woy Woy houses +13.6%, so Gregory Hills has compounded faster than Woy Woy over the longer window.

Rental vacancy is 1.4% in Woy Woy and 2.0% in Gregory Hills, 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 9,142, larger than Gregory Hills; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Gregory Hills 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.