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Kirrawee vs Mortdale

Property investment comparison - Kirrawee, NSW 2232 vs Mortdale, NSW 2223

Head-to-head across core investment metrics: Kirrawee wins 2, Mortdale wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricKirraweeMortdale
Median house price$1.8M$1.9M
Median unit price$920K$815K
Gross rental yield (houses)-2.55%
Gross rental yield (units)4.35%4.25%
1-year house growth+1.1%+7.2%estimate
3-year house growth+13.5%-
Vacancy rate1.4%0.9%
Population11,00710,745

Kirrawee vs Mortdale: what the numbers say

The median house price is $1.8M in Kirrawee and $1.9M in Mortdale, so Kirrawee is the cheaper entry point, with Mortdale houses about 1% dearer.

For units, Kirrawee sits at a median of $920K against $815K in Mortdale, which makes Mortdale the more affordable unit market and Kirrawee the pricier one.

Over the past year house prices moved +1.1% in Kirrawee and +7.2% in Mortdale (an estimate), so recent momentum favours Mortdale, although both suburbs recorded growth.

Rental vacancy is 0.9% in Mortdale and 1.4% in Kirrawee, so landlords in Mortdale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kirrawee is the bigger suburb, with a population of 11,007 against 10,745, larger than Mortdale; a larger suburb usually means a deeper pool of buyers and tenants.

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

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