Lethbridge Park vs Warilla

Houses cost about the same in both suburbs: the median house price is $900K in Lethbridge Park and $900K in Warilla.

For units, Lethbridge Park sits at a median of $465K against $765K in Warilla, which makes Lethbridge Park the more affordable unit market and Warilla the pricier one.

On cash flow, Warilla leads: houses there return a gross rental yield of 3.95%, compared with 3.06% in Lethbridge Park, a gap of 0.89 percentage points.

Over the past year house prices moved +9.8% in Lethbridge Park and +8.1% in Warilla, so recent momentum favours Lethbridge Park, although both suburbs recorded growth.

Looking back three years, Lethbridge Park houses are +38.0% and Warilla houses +21.8%, so Lethbridge Park has compounded faster than Warilla over the longer window.

Rental vacancy is 0.6% in Warilla and 0.8% in Lethbridge Park, so landlords in Warilla face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Warilla is the bigger suburb, with a population of 6,226 against 4,730, larger than Lethbridge Park; a larger suburb usually means a deeper pool of buyers and tenants.

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