Connells Point vs Eastwood

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

For units, Connells Point sits at a median of $1.3M against $775K in Eastwood, which makes Eastwood the more affordable unit market and Connells Point the pricier one.

Over the past year house prices moved +1.3% in Connells Point (an estimate) and -1.4% in Eastwood (an estimate), so recent momentum favours Connells Point, while Eastwood went backwards.

Rental vacancy is 1.6% in Eastwood and 2.5% in Connells Point, 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 2,884, roughly 6 times the size of Connells Point; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Connells Point for a lower purchase price, Connells Point 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.