Green Point vs Picton

The median house price is $1.3M in Green Point and $1.3M in Picton, so Picton is the cheaper entry point.

For units, Green Point sits at a median of $830K against $620K in Picton, which makes Picton the more affordable unit market and Green Point the pricier one.

Over the past year house prices moved +4.5% in Green Point and +4.9% in Picton, so recent momentum favours Picton, although both suburbs recorded growth.

Looking back three years, Green Point houses are +16.0% and Picton houses +19.3%, so Picton has compounded faster than Green Point over the longer window.

Rental vacancy is 2.0% in Green Point and 2.0% in Picton, so landlords in Green Point face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Green Point is the bigger suburb, with a population of 6,810 against 5,282, larger than Picton; a larger suburb usually means a deeper pool of buyers and tenants.

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