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Constitution Hill vs Shell Cove

Property investment comparison - Constitution Hill, NSW 2145 vs Shell Cove, NSW 2529

Head-to-head across core investment metrics: Constitution Hill wins 2, Shell Cove 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.

MetricConstitution HillShell Cove
Median house price$1.5M$1.5M
Median unit price-$1.1M
Gross rental yield (houses)2.69%3.12%
Gross rental yield (units)4.77%3.75%
1-year house growth-1.0%estimate+4.0%
3-year house growth-+18.0%
Vacancy rate1.9%2.7%
Population4,0307,591

Constitution Hill vs Shell Cove: what the numbers say

The median house price is $1.5M in Constitution Hill and $1.5M in Shell Cove, so Shell Cove is the cheaper entry point, with Constitution Hill houses about 1% dearer.

On cash flow, Shell Cove leads: houses there return a gross rental yield of 3.12%, compared with 2.69% in Constitution Hill, a gap of 0.43 percentage points.

Over the past year house prices moved -1.0% in Constitution Hill (an estimate) and +4.0% in Shell Cove, so recent momentum favours Shell Cove, while Constitution Hill went backwards.

Rental vacancy is 1.9% in Constitution Hill and 2.7% in Shell Cove, so landlords in Constitution Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Shell Cove is the bigger suburb, with a population of 7,591 against 4,030, larger than Constitution Hill; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Shell Cove for rental income, Shell Cove for a lower purchase price, Shell Cove for recent price momentum, Constitution Hill 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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