Lalor Park vs Woy Woy

The median house price is $1.1M in Lalor Park and $1.1M in Woy Woy, so Woy Woy is the cheaper entry point.

For units, Lalor Park sits at a median of $680K against $810K in Woy Woy, which makes Lalor Park the more affordable unit market and Woy Woy the pricier one.

On cash flow, Woy Woy leads: houses there return a gross rental yield of 3.05%, compared with 2.82% in Lalor Park, a gap of 0.23 percentage points.

Over the past year house prices moved +7.0% in Lalor Park and +7.7% in Woy Woy, so recent momentum favours Woy Woy, although both suburbs recorded growth.

Looking back three years, Lalor Park houses are +15.2% and Woy Woy houses +13.6%, so Lalor Park has compounded faster than Woy Woy over the longer window.

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

Woy Woy is the bigger suburb, with a population of 11,072 against 7,834, larger than Lalor Park; a larger suburb usually means a deeper pool of buyers and tenants.

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