Belmont vs Elanora

The median house price is $1.5M in Belmont and $1.6M in Elanora, so Belmont is the cheaper entry point, with Elanora houses about 2% dearer.

For units, Belmont sits at a median of $900K against $920K in Elanora, which makes Belmont the more affordable unit market and Elanora the pricier one.

Over the past year house prices moved +11.2% in Belmont and +16.7% in Elanora, so recent momentum favours Elanora, although both suburbs recorded growth.

Looking back three years, Belmont houses are +46.3% and Elanora houses +31.5%, so Belmont has compounded faster than Elanora over the longer window.

Rental vacancy is 1.2% in Belmont and 1.6% in Elanora, so landlords in Belmont face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Elanora is the bigger suburb, with a population of 12,539 against 4,498, roughly 2.8 times the size of Belmont; a larger suburb usually means a deeper pool of buyers and tenants.

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