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Rathmines vs South Nowra

Property investment comparison - Rathmines, NSW 2283 vs South Nowra, NSW 2541

Head-to-head across core investment metrics: Rathmines wins 1, South Nowra 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.

MetricRathminesSouth Nowra
Median house price$900K$900K
Median unit price-$700K
Gross rental yield (houses)-3.70%
Gross rental yield (units)4.57%4.30%
1-year house growth+8.9%+10.8%
3-year house growth+14.2%+18.6%
Vacancy rate2.0%1.2%
Population2,0763,165

Rathmines vs South Nowra: what the numbers say

Houses cost about the same in both suburbs: the median house price is $900K in Rathmines and $900K in South Nowra.

Over the past year house prices moved +8.9% in Rathmines and +10.8% in South Nowra, so recent momentum favours South Nowra, although both suburbs recorded growth.

Looking back three years, Rathmines houses are +14.2% and South Nowra houses +18.6%, so South Nowra has compounded faster than Rathmines over the longer window.

Rental vacancy is 1.2% in South Nowra and 2.0% in Rathmines, so landlords in South Nowra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

South Nowra is the bigger suburb, with a population of 3,165 against 2,076, larger than Rathmines; a larger suburb usually means a deeper pool of buyers and tenants.

In short: South Nowra for recent price momentum, South Nowra 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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