Koonawarra vs Penrose
Property investment comparison - Koonawarra, NSW 2530 vs Penrose, NSW 2530
Head-to-head across core investment metrics: Koonawarra wins 0, Penrose 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.
| Metric | Koonawarra | Penrose |
|---|---|---|
| Median house price | $835K | $835K |
| Median unit price | - | $645K |
| Gross rental yield (houses) | 4.18% | 4.29% |
| Gross rental yield (units) | 4.46% | 5.28% |
| 1-year house growth | +8.4% | - |
| 3-year house growth | +20.2% | - |
| Vacancy rate | 0.5% | 0.5% |
| Population | 3,732 | 263 |
Koonawarra vs Penrose: what the numbers say
Houses cost about the same in both suburbs: the median house price is $835K in Koonawarra and $835K in Penrose.
On cash flow, Penrose leads: houses there return a gross rental yield of 4.29%, compared with 4.18% in Koonawarra, a gap of 0.11 percentage points.
Rental vacancy is the same in both, at 0.5%.
Koonawarra is the bigger suburb, with a population of 3,732 against 263, roughly 14 times the size of Penrose; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Penrose for rental income. 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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