Erowal Bay vs Killarney Vale
Property investment comparison - Erowal Bay, NSW 2540 vs Killarney Vale, NSW 2261
Head-to-head across core investment metrics: Erowal Bay wins 2, Killarney Vale wins 2. 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 | Erowal Bay | Killarney Vale |
|---|---|---|
| Median house price | $955K | $955K |
| Median unit price | $625K | - |
| Gross rental yield (houses) | 2.76% | 3.66% |
| Gross rental yield (units) | 4.57% | 4.10% |
| 1-year house growth | +2.4% | +6.7% |
| 3-year house growth | - | +16.1% |
| Vacancy rate | 0.9% | 1.4% |
| Population | 652 | 7,491 |
Erowal Bay vs Killarney Vale: what the numbers say
Houses cost about the same in both suburbs: the median house price is $955K in Erowal Bay and $955K in Killarney Vale.
On cash flow, Killarney Vale leads: houses there return a gross rental yield of 3.66%, compared with 2.76% in Erowal Bay, a gap of 0.90 percentage points.
Over the past year house prices moved +2.4% in Erowal Bay and +6.7% in Killarney Vale, so recent momentum favours Killarney Vale, although both suburbs recorded growth.
Rental vacancy is 0.9% in Erowal Bay and 1.4% in Killarney Vale, so landlords in Erowal Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Killarney Vale is the bigger suburb, with a population of 7,491 against 652, roughly 11 times the size of Erowal Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Killarney Vale for rental income, Killarney Vale for recent price momentum, Erowal Bay 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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Killarney Vale, NSW 2261
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