North Nowra vs Sussex Inlet

Houses cost about the same in both suburbs: the median house price is $780K in North Nowra and $780K in Sussex Inlet.

For units, North Nowra sits at a median of $460K against $625K in Sussex Inlet, which makes North Nowra the more affordable unit market and Sussex Inlet the pricier one.

On cash flow, North Nowra leads: houses there return a gross rental yield of 4.07%, compared with 3.83% in Sussex Inlet, a gap of 0.24 percentage points.

Over the past year house prices moved +8.3% in North Nowra and +2.7% in Sussex Inlet, so recent momentum favours North Nowra, although both suburbs recorded growth.

Looking back three years, North Nowra houses are +10.2% and Sussex Inlet houses +6.6%, so North Nowra has compounded faster than Sussex Inlet over the longer window.

Rental vacancy is 0.9% in North Nowra and 3.1% in Sussex Inlet, so landlords in North Nowra 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 3,888, larger than Sussex Inlet; a larger suburb usually means a deeper pool of buyers and tenants.

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