Eastlakes vs Terrey Hills

The median house price is $2.3M in Eastlakes and $2.3M in Terrey Hills, so Eastlakes is the cheaper entry point, with Terrey Hills houses about 1% dearer.

For units, Eastlakes sits at a median of $770K against $2.4M in Terrey Hills, which makes Eastlakes the more affordable unit market and Terrey Hills the pricier one.

Over the past year house prices moved +3.5% in Eastlakes (an estimate) and +0.6% in Terrey Hills, so recent momentum favours Eastlakes, although both suburbs recorded growth.

Rental vacancy is 0.7% in Terrey Hills and 1.4% in Eastlakes, so landlords in Terrey Hills face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Eastlakes is the bigger suburb, with a population of 6,347 against 3,142, roughly 2.0 times the size of Terrey Hills; a larger suburb usually means a deeper pool of buyers and tenants.

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