Pyree vs Warrawong
Property investment comparison - Pyree, NSW 2540 vs Warrawong, NSW 2502
Head-to-head across core investment metrics: Pyree wins 1, Warrawong 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 | Pyree | Warrawong |
|---|---|---|
| Median house price | $905K | $905K |
| Median unit price | $625K | $490K |
| Gross rental yield (houses) | 3.97% | 3.74% |
| Gross rental yield (units) | 4.38% | - |
| 1-year house growth | - | +8.3%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 2.5% | 0.5% |
| Population | 110 | 4,659 |
Pyree vs Warrawong: what the numbers say
Houses cost about the same in both suburbs: the median house price is $905K in Pyree and $905K in Warrawong.
For units, Pyree sits at a median of $625K against $490K in Warrawong, which makes Warrawong the more affordable unit market and Pyree the pricier one.
On cash flow, Pyree leads: houses there return a gross rental yield of 3.97%, compared with 3.74% in Warrawong, a gap of 0.23 percentage points.
Rental vacancy is 0.5% in Warrawong and 2.5% in Pyree, so landlords in Warrawong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warrawong is the bigger suburb, with a population of 4,659 against 110, roughly 42 times the size of Pyree; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Pyree for rental income, Warrawong 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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