Cringila vs Raymond Terrace

The median house price is $760K in Cringila and $765K in Raymond Terrace, so Cringila is the cheaper entry point, with Raymond Terrace houses about 1% dearer.

For units, Cringila sits at a median of $565K against $540K in Raymond Terrace, which makes Raymond Terrace the more affordable unit market and Cringila the pricier one.

On cash flow, Raymond Terrace leads: houses there return a gross rental yield of 4.30%, compared with 4.19% in Cringila, a gap of 0.11 percentage points.

Over the past year house prices moved +4.5% in Cringila (an estimate) and +12.0% in Raymond Terrace, so recent momentum favours Raymond Terrace, although both suburbs recorded growth.

Rental vacancy is 1.4% in Raymond Terrace and 2.0% in Cringila, so landlords in Raymond Terrace face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Raymond Terrace is the bigger suburb, with a population of 13,453 against 2,156, roughly 6 times the size of Cringila; a larger suburb usually means a deeper pool of buyers and tenants.

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