Cringila vs Old Erowal Bay
Property investment comparison - Cringila, NSW 2502 vs Old Erowal Bay, NSW 2540
Head-to-head across core investment metrics: Cringila wins 4, Old Erowal Bay wins 0. 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.
| Metric | Cringila | Old Erowal Bay |
|---|---|---|
| Median house price | $760K | $760K |
| Median unit price | $565K | $620K |
| Gross rental yield (houses) | 4.19% | - |
| Gross rental yield (units) | 4.60% | 4.27% |
| 1-year house growth | +4.5%estimate | +3.2% |
| 3-year house growth | - | - |
| Vacancy rate | 2.0% | 2.4% |
| Population | 2,156 | 1,080 |
Cringila vs Old Erowal Bay: what the numbers say
Houses cost about the same in both suburbs: the median house price is $760K in Cringila and $760K in Old Erowal Bay.
For units, Cringila sits at a median of $565K against $620K in Old Erowal Bay, which makes Cringila the more affordable unit market and Old Erowal Bay the pricier one.
Over the past year house prices moved +4.5% in Cringila (an estimate) and +3.2% in Old Erowal Bay, so recent momentum favours Cringila, although both suburbs recorded growth.
Rental vacancy is 2.0% in Cringila and 2.4% in Old Erowal Bay, so landlords in Cringila face less competition for tenants.
Cringila is the bigger suburb, with a population of 2,156 against 1,080, larger than Old Erowal Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cringila for recent price momentum, Cringila 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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Old Erowal Bay, NSW 2540
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