Harrington Park vs Kiama Heights

Houses cost about the same in both suburbs: the median house price is $1.6M in Harrington Park and $1.6M in Kiama Heights.

For units, Harrington Park sits at a median of $895K against $850K in Kiama Heights, which makes Kiama Heights the more affordable unit market and Harrington Park the pricier one.

On cash flow, Kiama Heights leads: houses there return a gross rental yield of 3.00%, compared with 2.85% in Harrington Park, a gap of 0.15 percentage points.

Over the past year house prices moved +7.0% in Harrington Park and -1.4% in Kiama Heights (an estimate), so recent momentum favours Harrington Park, while Kiama Heights went backwards.

Rental vacancy is 2.1% in Harrington Park and 3.7% in Kiama Heights, so landlords in Harrington Park face less competition for tenants.

Harrington Park is the bigger suburb, with a population of 13,332 against 878, roughly 15 times the size of Kiama Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Kiama Heights for rental income, Harrington Park for recent price momentum, Harrington Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.