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Allambie Heights vs Eastwood

Property investment comparison - Allambie Heights, NSW 2100 vs Eastwood, NSW 2122

Head-to-head across core investment metrics: Allambie Heights wins 2, Eastwood 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.

MetricAllambie HeightsEastwood
Median house price$2.8M$2.7M
Median unit price$310K$775K
Gross rental yield (houses)2.55%-
Gross rental yield (units)3.60%4.55%
1-year house growth+4.2%-1.4%estimate
3-year house growth+17.8%-
Vacancy rate1.9%1.6%
Population7,31718,695

Allambie Heights vs Eastwood: what the numbers say

The median house price is $2.8M in Allambie Heights and $2.7M in Eastwood, so Eastwood is the cheaper entry point, with Allambie Heights houses about 1% dearer.

For units, Allambie Heights sits at a median of $310K against $775K in Eastwood, which makes Allambie Heights the more affordable unit market and Eastwood the pricier one.

Over the past year house prices moved +4.2% in Allambie Heights and -1.4% in Eastwood (an estimate), so recent momentum favours Allambie Heights, while Eastwood went backwards.

Rental vacancy is 1.6% in Eastwood and 1.9% in Allambie Heights, so landlords in Eastwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Eastwood is the bigger suburb, with a population of 18,695 against 7,317, roughly 2.6 times the size of Allambie Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Eastwood for a lower purchase price, Allambie Heights for recent price momentum, Eastwood 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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