Gilgai vs Ulmarra
Property investment comparison - Gilgai, NSW 2360 vs Ulmarra, NSW 2462
Head-to-head across core investment metrics: Gilgai wins 3, Ulmarra 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 | Gilgai | Ulmarra |
|---|---|---|
| Median house price | $580K | $590K |
| Median unit price | $280K | $415K |
| Gross rental yield (houses) | - | 4.46% |
| Gross rental yield (units) | 6.34% | 4.85% |
| 1-year house growth | -0.1%estimate | +4.9% |
| 3-year house growth | - | +10.0% |
| Vacancy rate | 2.3% | 0.8% |
| Population | 740 | 749 |
Gilgai vs Ulmarra: what the numbers say
The median house price is $580K in Gilgai and $590K in Ulmarra, so Gilgai is the cheaper entry point, with Ulmarra houses about 2% dearer.
For units, Gilgai sits at a median of $280K against $415K in Ulmarra, which makes Gilgai the more affordable unit market and Ulmarra the pricier one.
Over the past year house prices moved -0.1% in Gilgai (an estimate) and +4.9% in Ulmarra, so recent momentum favours Ulmarra, while Gilgai went backwards.
Rental vacancy is 0.8% in Ulmarra and 2.3% in Gilgai, so landlords in Ulmarra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Ulmarra is the bigger suburb, with a population of 749 against 740, larger than Gilgai; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gilgai for a lower purchase price, Ulmarra for recent price momentum, Ulmarra 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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