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Padstow Heights vs Panania

Property investment comparison - Padstow Heights, NSW 2211 vs Panania, NSW 2213

Head-to-head across core investment metrics: Padstow Heights wins 1, Panania wins 3. 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.

MetricPadstow HeightsPanania
Median house price$1.7M$1.7M
Median unit price-$900K
Gross rental yield (houses)3.17%-
Gross rental yield (units)3.16%4.33%
1-year house growth+9.6%+7.3%
3-year house growth+17.7%+18.7%
Vacancy rate2.8%1.9%
Population3,59413,507

Padstow Heights vs Panania: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1.7M in Padstow Heights and $1.7M in Panania.

Over the past year house prices moved +9.6% in Padstow Heights and +7.3% in Panania, so recent momentum favours Padstow Heights, although both suburbs recorded growth.

Looking back three years, Padstow Heights houses are +17.7% and Panania houses +18.7%, so Panania has compounded faster than Padstow Heights over the longer window.

Rental vacancy is 1.9% in Panania and 2.8% in Padstow Heights, so landlords in Panania face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Panania is the bigger suburb, with a population of 13,507 against 3,594, roughly 3.8 times the size of Padstow Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Padstow Heights for recent price momentum, Panania 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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