Hillcrest vs Sandstone Point

The median house price is $930K in Hillcrest and $925K in Sandstone Point, so Sandstone Point is the cheaper entry point, with Hillcrest houses about 1% dearer.

For units, Hillcrest sits at a median of $665K against $750K in Sandstone Point, which makes Hillcrest the more affordable unit market and Sandstone Point the pricier one.

Over the past year house prices moved +17.9% in Hillcrest and +9.8% in Sandstone Point (an estimate), so recent momentum favours Hillcrest, although both suburbs recorded growth.

Rental vacancy is 0.7% in Hillcrest and 1.0% in Sandstone Point, so landlords in Hillcrest face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Hillcrest is the bigger suburb, with a population of 6,268 against 4,094, larger than Sandstone Point; a larger suburb usually means a deeper pool of buyers and tenants.

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