Agnes Banks vs Gerringong

Houses cost about the same in both suburbs: the median house price is $1.5M in Agnes Banks and $1.5M in Gerringong.

For units, Agnes Banks sits at a median of $650K against $915K in Gerringong, which makes Agnes Banks the more affordable unit market and Gerringong the pricier one.

Over the past year house prices moved +4.8% in Agnes Banks and +2.8% in Gerringong, so recent momentum favours Agnes Banks, although both suburbs recorded growth.

Looking back three years, Agnes Banks houses are +16.9% and Gerringong houses +8.6%, so Agnes Banks has compounded faster than Gerringong over the longer window.

Rental vacancy is 2.4% in Agnes Banks and 2.5% in Gerringong, so landlords in Agnes Banks face less competition for tenants.

Gerringong is the bigger suburb, with a population of 4,165 against 996, roughly 4.2 times the size of Agnes Banks; a larger suburb usually means a deeper pool of buyers and tenants.

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