Hamilton South vs Woronora

The median house price is $1.6M in Hamilton South and $1.6M in Woronora, so Woronora is the cheaper entry point, with Hamilton South houses about 1% dearer.

On cash flow, Woronora leads: houses there return a gross rental yield of 3.26%, compared with 2.81% in Hamilton South, a gap of 0.45 percentage points.

Over the past year house prices moved +4.2% in Hamilton South and -0.1% in Woronora (an estimate), so recent momentum favours Hamilton South, while Woronora went backwards.

Rental vacancy is 0.5% in Hamilton South and 1.3% in Woronora, 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.

Hamilton South is the bigger suburb, with a population of 4,057 against 2,043, larger than Woronora; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Woronora for rental income, Woronora for a lower purchase price, 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.