Lismore vs Wingham

The median house price is $560K in Lismore and $570K in Wingham, so Lismore is the cheaper entry point, with Wingham houses about 2% dearer.

On cash flow, Lismore leads: houses there return a gross rental yield of 5.40%, compared with 4.57% in Wingham, a gap of 0.83 percentage points.

Over the past year house prices moved +14.6% in Lismore and +3.6% in Wingham, so recent momentum favours Lismore, although both suburbs recorded growth.

Looking back three years, Lismore houses are +46.3% and Wingham houses +8.5%, so Lismore has compounded faster than Wingham over the longer window.

Rental vacancy is 0.2% in Lismore and 0.5% in Wingham, so landlords in Lismore face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wingham is the bigger suburb, with a population of 5,395 against 3,656, larger than Lismore; a larger suburb usually means a deeper pool of buyers and tenants.

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