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Greenwell Point vs San Remo

Property investment comparison - Greenwell Point, NSW 2540 vs San Remo, NSW 2262

Head-to-head across core investment metrics: Greenwell Point wins 1, San Remo wins 3. 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.

MetricGreenwell PointSan Remo
Median house price$805K$810K
Median unit price$620K-
Gross rental yield (houses)3.81%-
Gross rental yield (units)3.29%3.74%
1-year house growth+4.0%estimate+8.7%
3-year house growth-+23.7%
Vacancy rate1.7%0.6%
Population1,2454,434

Greenwell Point vs San Remo: what the numbers say

The median house price is $805K in Greenwell Point and $810K in San Remo, so Greenwell Point is the cheaper entry point, with San Remo houses about 1% dearer.

Over the past year house prices moved +4.0% in Greenwell Point (an estimate) and +8.7% in San Remo, so recent momentum favours San Remo, although both suburbs recorded growth.

Rental vacancy is 0.6% in San Remo and 1.7% in Greenwell Point, so landlords in San Remo face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

San Remo is the bigger suburb, with a population of 4,434 against 1,245, roughly 3.6 times the size of Greenwell Point; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Greenwell Point for a lower purchase price, San Remo for recent price momentum, San Remo 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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