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Gerringong vs Old Toongabbie

Property investment comparison - Gerringong, NSW 2534 vs Old Toongabbie, NSW 2146

Head-to-head across core investment metrics: Gerringong wins 1, Old Toongabbie 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.

MetricGerringongOld Toongabbie
Median house price$1.5M$1.5M
Median unit price$915K-
Gross rental yield (houses)2.60%-
Gross rental yield (units)4.06%-
1-year house growth+2.8%+6.5%estimate
3-year house growth+8.6%-
Vacancy rate2.5%1.6%
Population4,1653,276

Gerringong vs Old Toongabbie: what the numbers say

The median house price is $1.5M in Gerringong and $1.5M in Old Toongabbie, so Gerringong is the cheaper entry point.

Over the past year house prices moved +2.8% in Gerringong and +6.5% in Old Toongabbie (an estimate), so recent momentum favours Old Toongabbie, although both suburbs recorded growth.

Rental vacancy is 1.6% in Old Toongabbie and 2.5% in Gerringong, so landlords in Old Toongabbie face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Gerringong is the bigger suburb, with a population of 4,165 against 3,276, larger than Old Toongabbie; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Gerringong for a lower purchase price, Old Toongabbie for recent price momentum, Old Toongabbie 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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