Harrington Park vs Wiley Park

The median house price is $1.6M in Harrington Park and $1.6M in Wiley Park, so Wiley Park is the cheaper entry point.

For units, Harrington Park sits at a median of $895K against $530K in Wiley Park, which makes Wiley Park the more affordable unit market and Harrington Park the pricier one.

On cash flow, Harrington Park leads: houses there return a gross rental yield of 2.85%, compared with 2.51% in Wiley Park, a gap of 0.34 percentage points.

Over the past year house prices moved +7.0% in Harrington Park and +6.2% in Wiley Park, so recent momentum favours Harrington Park, although both suburbs recorded growth.

Looking back three years, Harrington Park houses are +18.7% and Wiley Park houses +26.0%, so Wiley Park has compounded faster than Harrington Park over the longer window.

Rental vacancy is 1.3% in Wiley Park and 2.1% in Harrington Park, so landlords in Wiley Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Harrington Park is the bigger suburb, with a population of 13,332 against 10,016, larger than Wiley Park; a larger suburb usually means a deeper pool of buyers and tenants.

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