North Nowra vs Pelaw Main
Property investment comparison - North Nowra, NSW 2541 vs Pelaw Main, NSW 2327
Head-to-head across core investment metrics: North Nowra wins 2, Pelaw Main wins 2. 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.
| Metric | North Nowra | Pelaw Main |
|---|---|---|
| Median house price | $780K | $780K |
| Median unit price | $460K | - |
| Gross rental yield (houses) | 4.07% | 3.47% |
| Gross rental yield (units) | 5.29% | 4.48% |
| 1-year house growth | +8.3% | +15.3%estimate |
| 3-year house growth | +10.2% | - |
| Vacancy rate | 0.9% | 0.6% |
| Population | 5,856 | 1,080 |
North Nowra vs Pelaw Main: what the numbers say
Houses cost about the same in both suburbs: the median house price is $780K in North Nowra and $780K in Pelaw Main.
On cash flow, North Nowra leads: houses there return a gross rental yield of 4.07%, compared with 3.47% in Pelaw Main, a gap of 0.60 percentage points.
Over the past year house prices moved +8.3% in North Nowra and +15.3% in Pelaw Main (an estimate), so recent momentum favours Pelaw Main, although both suburbs recorded growth.
Rental vacancy is 0.6% in Pelaw Main and 0.9% in North Nowra, so landlords in Pelaw Main face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
North Nowra is the bigger suburb, with a population of 5,856 against 1,080, roughly 5 times the size of Pelaw Main; a larger suburb usually means a deeper pool of buyers and tenants.
In short: North Nowra for rental income, Pelaw Main for recent price momentum, Pelaw Main for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison