Heddon Greta vs Wallsend

The median house price is $885K in Heddon Greta and $890K in Wallsend, so Heddon Greta is the cheaper entry point, with Wallsend houses about 1% dearer.

On cash flow, Heddon Greta leads: houses there return a gross rental yield of 4.09%, compared with 3.88% in Wallsend, a gap of 0.21 percentage points.

Over the past year house prices moved +18.7% in Heddon Greta and +10.2% in Wallsend, so recent momentum favours Heddon Greta, although both suburbs recorded growth.

Looking back three years, Heddon Greta houses are +29.7% and Wallsend houses +21.4%, so Heddon Greta has compounded faster than Wallsend over the longer window.

Rental vacancy is 1.2% in Wallsend and 1.8% in Heddon Greta, so landlords in Wallsend face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wallsend is the bigger suburb, with a population of 13,244 against 2,838, roughly 4.7 times the size of Heddon Greta; a larger suburb usually means a deeper pool of buyers and tenants.

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