Thornlie vs Woorree

The median house price is $865K in Thornlie and $870K in Woorree, so Thornlie is the cheaper entry point, with Woorree houses about 1% dearer.

For units, Thornlie sits at a median of $555K against $415K in Woorree, which makes Woorree the more affordable unit market and Thornlie the pricier one.

On cash flow, Thornlie leads: houses there return a gross rental yield of 4.34%, compared with 3.66% in Woorree, a gap of 0.68 percentage points.

Over the past year house prices moved +22.2% in Thornlie (an estimate) and +20.6% in Woorree, so recent momentum favours Thornlie, although both suburbs recorded growth.

Rental vacancy is 0.5% in Thornlie and 1.0% in Woorree, so landlords in Thornlie face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Thornlie is the bigger suburb, with a population of 23,665 against 1,295, roughly 18 times the size of Woorree; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Thornlie for rental income, Thornlie for a lower purchase price, Thornlie for recent price momentum, Thornlie for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.