Kiama Heights vs Wiley Park

The median house price is $1.6M in Kiama Heights and $1.6M in Wiley Park, so Wiley Park is the cheaper entry point.

For units, Kiama Heights sits at a median of $850K against $530K in Wiley Park, which makes Wiley Park the more affordable unit market and Kiama Heights the pricier one.

On cash flow, Kiama Heights leads: houses there return a gross rental yield of 3.00%, compared with 2.51% in Wiley Park, a gap of 0.49 percentage points.

Over the past year house prices moved -1.4% in Kiama Heights (an estimate) and +6.2% in Wiley Park, so recent momentum favours Wiley Park, while Kiama Heights went backwards.

Rental vacancy is 1.3% in Wiley Park and 3.7% in Kiama Heights, so landlords in Wiley Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wiley Park is the bigger suburb, with a population of 10,016 against 878, roughly 11 times the size of Kiama Heights; a larger suburb usually means a deeper pool of buyers and tenants.

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