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Hamilton South vs Narwee

Property investment comparison - Hamilton South, NSW 2303 vs Narwee, NSW 2209

Head-to-head across core investment metrics: Hamilton South wins 2, Narwee 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.

MetricHamilton SouthNarwee
Median house price$1.6M$1.6M
Median unit price--
Gross rental yield (houses)2.81%-
Gross rental yield (units)3.95%4.60%
1-year house growth+4.2%+2.8%
3-year house growth-8.3%+19.7%
Vacancy rate0.5%0.7%
Population4,0575,411

Hamilton South vs Narwee: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1.6M in Hamilton South and $1.6M in Narwee.

Over the past year house prices moved +4.2% in Hamilton South and +2.8% in Narwee, so recent momentum favours Hamilton South, although both suburbs recorded growth.

Looking back three years, Hamilton South houses are -8.3% and Narwee houses +19.7%, so Narwee has compounded faster than Hamilton South over the longer window.

Rental vacancy is 0.5% in Hamilton South and 0.7% in Narwee, so landlords in Hamilton South face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Narwee is the bigger suburb, with a population of 5,411 against 4,057, larger than Hamilton South; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Hamilton South for recent price momentum, Hamilton South 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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