Cromer vs Melrose Park
Property investment comparison - Cromer, NSW 2099 vs Melrose Park, NSW 2114
Head-to-head across core investment metrics: Cromer wins 2, Melrose Park 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.
| Metric | Cromer | Melrose Park |
|---|---|---|
| Median house price | $2.5M | $2.5M |
| Median unit price | $985K | $790K |
| Gross rental yield (houses) | - | 1.84% |
| Gross rental yield (units) | 3.93% | 4.88% |
| 1-year house growth | +4.9% | +0.0% |
| 3-year house growth | +6.8% | +7.8% |
| Vacancy rate | 0.3% | 1.2% |
| Population | 8,030 | 2,059 |
Cromer vs Melrose Park: what the numbers say
Houses cost about the same in both suburbs: the median house price is $2.5M in Cromer and $2.5M in Melrose Park.
For units, Cromer sits at a median of $985K against $790K in Melrose Park, which makes Melrose Park the more affordable unit market and Cromer the pricier one.
Over the past year house prices moved +4.9% in Cromer and +0.0% in Melrose Park, so recent momentum favours Cromer, although both suburbs recorded growth.
Looking back three years, Cromer houses are +6.8% and Melrose Park houses +7.8%, so Melrose Park has compounded faster than Cromer over the longer window.
Rental vacancy is 0.3% in Cromer and 1.2% in Melrose Park, so landlords in Cromer face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cromer is the bigger suburb, with a population of 8,030 against 2,059, roughly 3.9 times the size of Melrose Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cromer for recent price momentum, Cromer for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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