Kenmore vs Parrearra

The median house price is $1.5M in Kenmore and $1.5M in Parrearra, so Kenmore is the cheaper entry point, with Parrearra houses about 2% dearer.

For units, Kenmore sits at a median of $1.1M against $900K in Parrearra, which makes Parrearra the more affordable unit market and Kenmore the pricier one.

Over the past year house prices moved +15.1% in Kenmore and +10.9% in Parrearra, so recent momentum favours Kenmore, although both suburbs recorded growth.

Looking back three years, Kenmore houses are +45.3% and Parrearra houses +6.7%, so Kenmore has compounded faster than Parrearra over the longer window.

Rental vacancy is 1.4% in Parrearra and 1.6% in Kenmore, so landlords in Parrearra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kenmore is the bigger suburb, with a population of 9,675 against 4,661, roughly 2.1 times the size of Parrearra; a larger suburb usually means a deeper pool of buyers and tenants.

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