Hewett vs Park Holme

The median house price is $950K in Hewett and $955K in Park Holme, so Hewett is the cheaper entry point, with Park Holme houses about 1% dearer.

For units, Hewett sits at a median of $710K against $705K in Park Holme, which makes Park Holme the more affordable unit market and Hewett the pricier one.

Over the past year house prices moved +12.4% in Hewett and +10.1% in Park Holme, so recent momentum favours Hewett, although both suburbs recorded growth.

Looking back three years, Hewett houses are +40.7% and Park Holme houses +31.0%, so Hewett has compounded faster than Park Holme over the longer window.

Rental vacancy is 0.7% in Hewett and 0.8% in Park Holme, so landlords in Hewett face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Park Holme is the bigger suburb, with a population of 3,199 against 2,961, larger than Hewett; a larger suburb usually means a deeper pool of buyers and tenants.

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