Leonay vs Pendle Hill

The median house price is $1.4M in Leonay and $1.4M in Pendle Hill, so Leonay is the cheaper entry point.

For units, Leonay sits at a median of $1.2M against $510K in Pendle Hill, which makes Pendle Hill the more affordable unit market and Leonay the pricier one.

On cash flow, Leonay leads: houses there return a gross rental yield of 3.40%, compared with 2.60% in Pendle Hill, a gap of 0.80 percentage points.

Over the past year house prices moved +8.2% in Leonay and +5.5% in Pendle Hill (an estimate), so recent momentum favours Leonay, although both suburbs recorded growth.

Rental vacancy is 1.8% in Pendle Hill and 5.1% in Leonay, so landlords in Pendle Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Pendle Hill is the bigger suburb, with a population of 7,743 against 2,582, roughly 3.0 times the size of Leonay; a larger suburb usually means a deeper pool of buyers and tenants.

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