Gundagai vs Parkes
Property investment comparison - Gundagai, NSW 2722 vs Parkes, NSW 2870
Head-to-head across core investment metrics: Gundagai wins 2, Parkes 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 | Gundagai | Parkes |
|---|---|---|
| Median house price | $485K | $480K |
| Median unit price | - | - |
| Gross rental yield (houses) | 4.89% | 4.80% |
| Gross rental yield (units) | 5.45% | - |
| 1-year house growth | +0.7%estimate | +7.0% |
| 3-year house growth | - | -2.8% |
| Vacancy rate | 1.2% | 2.7% |
| Population | 1,699 | 11,324 |
Gundagai vs Parkes: what the numbers say
The median house price is $485K in Gundagai and $480K in Parkes, so Parkes is the cheaper entry point, with Gundagai houses about 1% dearer.
On cash flow, Gundagai leads: houses there return a gross rental yield of 4.89%, compared with 4.80% in Parkes, a gap of 0.09 percentage points.
Over the past year house prices moved +0.7% in Gundagai (an estimate) and +7.0% in Parkes, so recent momentum favours Parkes, although both suburbs recorded growth.
Rental vacancy is 1.2% in Gundagai and 2.7% in Parkes, so landlords in Gundagai face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Parkes is the bigger suburb, with a population of 11,324 against 1,699, roughly 7 times the size of Gundagai; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gundagai for rental income, Parkes for a lower purchase price, Parkes for recent price momentum, Gundagai 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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