Cammeray vs Randwick

The median house price is $3.8M in Cammeray and $3.8M in Randwick, so Randwick is the cheaper entry point, with Cammeray houses about 1% dearer.

For units, Cammeray sits at a median of $1.3M against $1.3M in Randwick, which makes Randwick the more affordable unit market and Cammeray the pricier one.

On cash flow, Cammeray leads: houses there return a gross rental yield of 2.33%, compared with 2.07% in Randwick, a gap of 0.26 percentage points.

Over the past year house prices moved +3.4% in Cammeray and +0.0% in Randwick, so recent momentum favours Cammeray, although both suburbs recorded growth.

Looking back three years, Cammeray houses are +2.1% and Randwick houses +16.1%, so Randwick has compounded faster than Cammeray over the longer window.

Rental vacancy is 1.8% in Cammeray and 2.4% in Randwick, so landlords in Cammeray face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Randwick is the bigger suburb, with a population of 28,943 against 7,088, roughly 4.1 times the size of Cammeray; a larger suburb usually means a deeper pool of buyers and tenants.

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