Port Kembla vs Warners Bay

Houses cost about the same in both suburbs: the median house price is $1.1M in Port Kembla and $1.1M in Warners Bay.

For units, Port Kembla sits at a median of $675K against $890K in Warners Bay, which makes Port Kembla the more affordable unit market and Warners Bay the pricier one.

Over the past year house prices moved +4.3% in Port Kembla and +7.9% in Warners Bay, so recent momentum favours Warners Bay, although both suburbs recorded growth.

Looking back three years, Port Kembla houses are +25.0% and Warners Bay houses +25.8%, so Warners Bay has compounded faster than Port Kembla over the longer window.

Rental vacancy is 0.9% in Port Kembla and 1.3% in Warners Bay, so landlords in Port Kembla face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Warners Bay is the bigger suburb, with a population of 8,237 against 5,088, larger than Port Kembla; a larger suburb usually means a deeper pool of buyers and tenants.

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