Kogarah vs Wallarah
Property investment comparison - Kogarah, NSW 2217 vs Wallarah, NSW 2259
Head-to-head across core investment metrics: Kogarah wins 2, Wallarah wins 2. 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.
| Metric | Kogarah | Wallarah |
|---|---|---|
| Median house price | $1.9M | $1.9M |
| Median unit price | $745K | $580K |
| Gross rental yield (houses) | 2.46% | 1.96% |
| Gross rental yield (units) | 5.02% | 5.04% |
| 1-year house growth | +5.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.8% | 1.1% |
| Population | 16,416 | 344 |
Kogarah vs Wallarah: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.9M in Kogarah and $1.9M in Wallarah.
For units, Kogarah sits at a median of $745K against $580K in Wallarah, which makes Wallarah the more affordable unit market and Kogarah the pricier one.
On cash flow, Kogarah leads: houses there return a gross rental yield of 2.46%, compared with 1.96% in Wallarah, a gap of 0.50 percentage points.
Rental vacancy is 0.8% in Kogarah and 1.1% in Wallarah, so landlords in Kogarah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Kogarah is the bigger suburb, with a population of 16,416 against 344, roughly 48 times the size of Wallarah; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Kogarah for rental income, Kogarah for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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