Newport vs Wavell Heights

The median house price is $1.6M in Newport and $1.6M in Wavell Heights, so Newport is the cheaper entry point, with Wavell Heights houses about 1% dearer.

For units, Newport sits at a median of $1.4M against $800K in Wavell Heights, which makes Wavell Heights the more affordable unit market and Newport the pricier one.

Over the past year house prices moved +12.8% in Newport and +11.3% in Wavell Heights, so recent momentum favours Newport, although both suburbs recorded growth.

Looking back three years, Newport houses are +34.2% and Wavell Heights houses +37.1%, so Wavell Heights has compounded faster than Newport over the longer window.

Rental vacancy is 1.4% in Wavell Heights and 2.0% in Newport, so landlords in Wavell Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wavell Heights is the bigger suburb, with a population of 10,336 against 5,964, larger than Newport; a larger suburb usually means a deeper pool of buyers and tenants.

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