Nowra Hill vs Wallacia
Property investment comparison - Nowra Hill, NSW 2540 vs Wallacia, NSW 2745
Head-to-head across core investment metrics: Nowra Hill wins 3, Wallacia 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 | Nowra Hill | Wallacia |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | $620K | $285K |
| Gross rental yield (houses) | 2.50% | 2.80% |
| Gross rental yield (units) | 4.78% | 4.71% |
| 1-year house growth | +7.1% | +4.3%estimate |
| 3-year house growth | +5.7% | - |
| Vacancy rate | 2.0% | 2.3% |
| Population | 2,141 | 1,711 |
Nowra Hill vs Wallacia: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.3M in Nowra Hill and $1.3M in Wallacia.
For units, Nowra Hill sits at a median of $620K against $285K in Wallacia, which makes Wallacia the more affordable unit market and Nowra Hill the pricier one.
On cash flow, Wallacia leads: houses there return a gross rental yield of 2.80%, compared with 2.50% in Nowra Hill, a gap of 0.30 percentage points.
Over the past year house prices moved +7.1% in Nowra Hill and +4.3% in Wallacia (an estimate), so recent momentum favours Nowra Hill, although both suburbs recorded growth.
Rental vacancy is 2.0% in Nowra Hill and 2.3% in Wallacia, so landlords in Nowra Hill face less competition for tenants.
Nowra Hill is the bigger suburb, with a population of 2,141 against 1,711, larger than Wallacia; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wallacia for rental income, Nowra Hill for recent price momentum, Nowra Hill 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
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