Kangaloon vs North Wahroonga

The median house price is $2.7M in Kangaloon and $2.8M in North Wahroonga, so Kangaloon is the cheaper entry point, with North Wahroonga houses about 1% dearer.

On cash flow, North Wahroonga leads: houses there return a gross rental yield of 2.88%, compared with 1.95% in Kangaloon, a gap of 0.93 percentage points.

Over the past year house prices moved -17.0% in Kangaloon and +3.0% in North Wahroonga, so recent momentum favours North Wahroonga, while Kangaloon went backwards.

Looking back three years, Kangaloon houses are -50.0% and North Wahroonga houses +2.2%, so North Wahroonga has compounded faster than Kangaloon over the longer window.

Rental vacancy is 1.9% in Kangaloon and 6.3% in North Wahroonga, so landlords in Kangaloon face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Wahroonga is the bigger suburb, with a population of 2,100 against 206, roughly 10 times the size of Kangaloon; a larger suburb usually means a deeper pool of buyers and tenants.

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