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North Balgowlah vs Turramurra

Property investment comparison - North Balgowlah, NSW 2093 vs Turramurra, NSW 2074

Head-to-head across core investment metrics: North Balgowlah wins 3, Turramurra wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricNorth BalgowlahTurramurra
Median house price$3.4M$3.4M
Median unit price-$860K
Gross rental yield (houses)2.80%-
Gross rental yield (units)3.45%4.30%
1-year house growth+3.1%+1.1%estimate
3-year house growth+5.6%-
Vacancy rate2.2%3.3%
Population3,81612,850

North Balgowlah vs Turramurra: what the numbers say

The median house price is $3.4M in North Balgowlah and $3.4M in Turramurra, so North Balgowlah is the cheaper entry point, with Turramurra houses about 1% dearer.

Over the past year house prices moved +3.1% in North Balgowlah and +1.1% in Turramurra (an estimate), so recent momentum favours North Balgowlah, although both suburbs recorded growth.

Rental vacancy is 2.2% in North Balgowlah and 3.3% in Turramurra, so landlords in North Balgowlah face less competition for tenants.

Turramurra is the bigger suburb, with a population of 12,850 against 3,816, roughly 3.4 times the size of North Balgowlah; a larger suburb usually means a deeper pool of buyers and tenants.

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

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