Nana Glen vs Warrawong

The median house price is $900K in Nana Glen and $905K in Warrawong, so Nana Glen is the cheaper entry point, with Warrawong houses about 1% dearer.

For units, Nana Glen sits at a median of $565K against $490K in Warrawong, which makes Warrawong the more affordable unit market and Nana Glen the pricier one.

On cash flow, Warrawong leads: houses there return a gross rental yield of 3.74%, compared with 3.67% in Nana Glen, a gap of 0.07 percentage points.

Over the past year house prices moved +13.9% in Nana Glen (an estimate) and +8.3% in Warrawong (an estimate), so recent momentum favours Nana Glen, although both suburbs recorded growth.

Rental vacancy is 0.5% in Warrawong and 1.6% in Nana Glen, so landlords in Warrawong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Warrawong is the bigger suburb, with a population of 4,659 against 1,132, roughly 4.1 times the size of Nana Glen; a larger suburb usually means a deeper pool of buyers and tenants.

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