Moruya Heads vs Penrose
Property investment comparison - Moruya Heads, NSW 2537 vs Penrose, NSW 2530
Head-to-head across core investment metrics: Moruya Heads wins 0, Penrose wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Moruya Heads | Penrose |
|---|---|---|
| Median house price | $835K | $835K |
| Median unit price | - | $645K |
| Gross rental yield (houses) | 3.67% | 4.29% |
| Gross rental yield (units) | 5.08% | 5.28% |
| 1-year house growth | +5.8% | - |
| 3-year house growth | +0.0% | - |
| Vacancy rate | 1.4% | 0.5% |
| Population | 1,125 | 263 |
Moruya Heads vs Penrose: what the numbers say
Houses cost about the same in both suburbs: the median house price is $835K in Moruya Heads and $835K in Penrose.
On cash flow, Penrose leads: houses there return a gross rental yield of 4.29%, compared with 3.67% in Moruya Heads, a gap of 0.62 percentage points.
Rental vacancy is 0.5% in Penrose and 1.4% in Moruya Heads, so landlords in Penrose face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Moruya Heads is the bigger suburb, with a population of 1,125 against 263, roughly 4.3 times the size of Penrose; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Penrose for rental income, Penrose for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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