Elanora Heights vs Pleasure Point

The median house price is $2.6M in Elanora Heights and $2.6M in Pleasure Point, so Pleasure Point is the cheaper entry point, with Elanora Heights houses about 1% dearer.

On cash flow, Elanora Heights leads: houses there return a gross rental yield of 2.89%, compared with 2.21% in Pleasure Point, a gap of 0.68 percentage points.

Over the past year house prices moved +1.5% in Elanora Heights (an estimate) and +5.0% in Pleasure Point, so recent momentum favours Pleasure Point, although both suburbs recorded growth.

Rental vacancy is 1.4% in Pleasure Point and 3.0% in Elanora Heights, so landlords in Pleasure Point face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Elanora Heights is the bigger suburb, with a population of 4,581 against 606, roughly 8 times the size of Pleasure Point; a larger suburb usually means a deeper pool of buyers and tenants.

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