Harrington Park vs Woollamia

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

For units, Harrington Park sits at a median of $895K against $625K in Woollamia, which makes Woollamia 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 2.17% in Woollamia, a gap of 0.68 percentage points.

Over the past year house prices moved +7.0% in Harrington Park and -20.9% in Woollamia (an estimate), so recent momentum favours Harrington Park, while Woollamia went backwards.

Rental vacancy is 2.1% in Harrington Park and 3.4% in Woollamia, so landlords in Harrington Park face less competition for tenants.

Harrington Park is the bigger suburb, with a population of 13,332 against 653, roughly 20 times the size of Woollamia; a larger suburb usually means a deeper pool of buyers and tenants.

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