Narrawallee vs Towradgi

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

For units, Narrawallee sits at a median of $695K against $850K in Towradgi, which makes Narrawallee the more affordable unit market and Towradgi the pricier one.

On cash flow, Towradgi leads: houses there return a gross rental yield of 3.00%, compared with 2.64% in Narrawallee, a gap of 0.36 percentage points.

Over the past year house prices moved +5.9% in Narrawallee (an estimate) and +7.5% in Towradgi (an estimate), so recent momentum favours Towradgi, although both suburbs recorded growth.

Rental vacancy is 0.7% in Towradgi and 1.4% in Narrawallee, so landlords in Towradgi face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Towradgi is the bigger suburb, with a population of 3,241 against 1,487, roughly 2.2 times the size of Narrawallee; a larger suburb usually means a deeper pool of buyers and tenants.

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