Mayfield vs Woongarrah

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

For units, Mayfield sits at a median of $830K against $585K in Woongarrah, which makes Woongarrah the more affordable unit market and Mayfield the pricier one.

On cash flow, Woongarrah leads: houses there return a gross rental yield of 4.00%, compared with 3.47% in Mayfield, a gap of 0.53 percentage points.

Over the past year house prices moved +10.5% in Mayfield and +9.8% in Woongarrah, so recent momentum favours Mayfield, although both suburbs recorded growth.

Looking back three years, Mayfield houses are +27.7% and Woongarrah houses +16.1%, so Mayfield has compounded faster than Woongarrah over the longer window.

Rental vacancy is 1.1% in Mayfield and 1.7% in Woongarrah, so landlords in Mayfield face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mayfield is the bigger suburb, with a population of 9,760 against 5,962, larger than Woongarrah; a larger suburb usually means a deeper pool of buyers and tenants.

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