Alfords Point vs Illawong

The median house price is $2.0M in Alfords Point and $2.0M in Illawong, so Illawong is the cheaper entry point, with Alfords Point houses about 1% dearer.

For units, Alfords Point sits at a median of $1.1M against $1.2M in Illawong, which makes Alfords Point the more affordable unit market and Illawong the pricier one.

Over the past year house prices moved +5.7% in Alfords Point and +7.8% in Illawong, so recent momentum favours Illawong, although both suburbs recorded growth.

Looking back three years, Alfords Point houses are +17.1% and Illawong houses +20.3%, so Illawong has compounded faster than Alfords Point over the longer window.

Rental vacancy is 1.8% in Illawong and 9.8% in Alfords Point, so landlords in Illawong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Illawong is the bigger suburb, with a population of 7,427 against 3,131, roughly 2.4 times the size of Alfords Point; a larger suburb usually means a deeper pool of buyers and tenants.

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