Pitt Town vs Woolloomooloo
Property investment comparison - Pitt Town, NSW 2756 vs Woolloomooloo, NSW 2011
Head-to-head across core investment metrics: Pitt Town wins 2, Woolloomooloo 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 | Pitt Town | Woolloomooloo |
|---|---|---|
| Median house price | $1.9M | $1.9M |
| Median unit price | $760K | $1.1M |
| Gross rental yield (houses) | 2.40% | - |
| Gross rental yield (units) | 4.50% | - |
| 1-year house growth | +5.7% | +1.7% |
| 3-year house growth | -1.3% | +21.6% |
| Vacancy rate | 2.3% | 1.9% |
| Population | 3,871 | 3,792 |
Pitt Town vs Woolloomooloo: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.9M in Pitt Town and $1.9M in Woolloomooloo.
For units, Pitt Town sits at a median of $760K against $1.1M in Woolloomooloo, which makes Pitt Town the more affordable unit market and Woolloomooloo the pricier one.
Over the past year house prices moved +5.7% in Pitt Town and +1.7% in Woolloomooloo, so recent momentum favours Pitt Town, although both suburbs recorded growth.
Looking back three years, Pitt Town houses are -1.3% and Woolloomooloo houses +21.6%, so Woolloomooloo has compounded faster than Pitt Town over the longer window.
Rental vacancy is 1.9% in Woolloomooloo and 2.3% in Pitt Town, so landlords in Woolloomooloo face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Pitt Town is the bigger suburb, with a population of 3,871 against 3,792, larger than Woolloomooloo; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Pitt Town for recent price momentum, Woolloomooloo 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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