Narellan vs Woy Woy

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

For units, Narellan sits at a median of $770K against $810K in Woy Woy, which makes Narellan the more affordable unit market and Woy Woy the pricier one.

On cash flow, Narellan leads: houses there return a gross rental yield of 3.21%, compared with 3.05% in Woy Woy, a gap of 0.16 percentage points.

Over the past year house prices moved +6.9% in Narellan and +7.7% in Woy Woy, so recent momentum favours Woy Woy, although both suburbs recorded growth.

Looking back three years, Narellan houses are +12.9% and Woy Woy houses +13.6%, so Woy Woy has compounded faster than Narellan over the longer window.

Rental vacancy is 1.4% in Woy Woy and 2.4% in Narellan, so landlords in Woy Woy face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Woy Woy is the bigger suburb, with a population of 11,072 against 3,358, roughly 3.3 times the size of Narellan; a larger suburb usually means a deeper pool of buyers and tenants.

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