Gledswood Hills vs Surfers Beach

The median house price is $1.4M in Gledswood Hills and $1.4M in Surfers Beach, so Gledswood Hills is the cheaper entry point, with Surfers Beach houses about 1% dearer.

For units, Gledswood Hills sits at a median of $1.9M against $845K in Surfers Beach, which makes Surfers Beach the more affordable unit market and Gledswood Hills the pricier one.

Gross rental yield on houses is effectively level, at 3.09% in Gledswood Hills and 3.13% in Surfers Beach, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +11.2% in Gledswood Hills (an estimate) and +7.0% in Surfers Beach, so recent momentum favours Gledswood Hills, although both suburbs recorded growth.

Rental vacancy is 2.0% in Surfers Beach and 2.2% in Gledswood Hills, so landlords in Surfers Beach face less competition for tenants.

Surfers Beach is the bigger suburb, with a population of 7,809 against 6,112, larger than Gledswood Hills; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Gledswood Hills for a lower purchase price, Gledswood Hills for recent price momentum, Surfers Beach for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.