Eveleigh vs Oyster Bay
Property investment comparison - Eveleigh, NSW 2015 vs Oyster Bay, NSW 2225
Head-to-head across core investment metrics: Eveleigh wins 4, Oyster Bay wins 1. 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 | Eveleigh | Oyster Bay |
|---|---|---|
| Median house price | $1.9M | $1.9M |
| Median unit price | $1.2M | - |
| Gross rental yield (houses) | 3.76% | 2.95% |
| Gross rental yield (units) | 3.69% | 1.34% |
| 1-year house growth | +4.0%estimate | +0.0% |
| 3-year house growth | - | +16.7% |
| Vacancy rate | 1.2% | 1.8% |
| Population | 606 | 5,689 |
Eveleigh vs Oyster Bay: what the numbers say
The median house price is $1.9M in Eveleigh and $1.9M in Oyster Bay, so Oyster Bay is the cheaper entry point, with Eveleigh houses about 1% dearer.
On cash flow, Eveleigh leads: houses there return a gross rental yield of 3.76%, compared with 2.95% in Oyster Bay, a gap of 0.81 percentage points.
Over the past year house prices moved +4.0% in Eveleigh (an estimate) and +0.0% in Oyster Bay, so recent momentum favours Eveleigh, although both suburbs recorded growth.
Rental vacancy is 1.2% in Eveleigh and 1.8% in Oyster Bay, so landlords in Eveleigh face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Oyster Bay is the bigger suburb, with a population of 5,689 against 606, roughly 9 times the size of Eveleigh; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Eveleigh for rental income, Oyster Bay for a lower purchase price, Eveleigh for recent price momentum, Eveleigh 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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