Mardi vs Woongarrah

Houses cost about the same in both suburbs: the median house price is $1.1M in Mardi and $1.1M in Woongarrah.

For units, Mardi sits at a median of $700K against $585K in Woongarrah, which makes Woongarrah the more affordable unit market and Mardi the pricier one.

On cash flow, Woongarrah leads: houses there return a gross rental yield of 4.00%, compared with 3.80% in Mardi, a gap of 0.20 percentage points.

Over the past year house prices moved +8.0% in Mardi and +9.8% in Woongarrah, so recent momentum favours Woongarrah, although both suburbs recorded growth.

Looking back three years, Mardi houses are +20.9% and Woongarrah houses +16.1%, so Mardi has compounded faster than Woongarrah over the longer window.

Rental vacancy is 1.4% in Mardi and 1.7% in Woongarrah, so landlords in Mardi face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Woongarrah is the bigger suburb, with a population of 5,962 against 3,598, larger than Mardi; a larger suburb usually means a deeper pool of buyers and tenants.

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