Narrawallee vs Pendle Hill

Houses cost about the same in both suburbs: the median house price is $1.4M in Narrawallee and $1.4M in Pendle Hill.

For units, Narrawallee sits at a median of $695K against $510K in Pendle Hill, which makes Pendle Hill the more affordable unit market and Narrawallee the pricier one.

Gross rental yield on houses is effectively level, at 2.64% in Narrawallee and 2.60% in Pendle Hill, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +5.9% in Narrawallee (an estimate) and +5.5% in Pendle Hill (an estimate), so recent momentum favours Narrawallee, although both suburbs recorded growth.

Rental vacancy is 1.4% in Narrawallee and 1.8% in Pendle Hill, so landlords in Narrawallee face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Pendle Hill is the bigger suburb, with a population of 7,743 against 1,487, roughly 5 times the size of Narrawallee; a larger suburb usually means a deeper pool of buyers and tenants.

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