Illawong vs Point Frederick

The median house price is $2.0M in Illawong and $2.0M in Point Frederick, so Illawong is the cheaper entry point.

For units, Illawong sits at a median of $1.2M against $740K in Point Frederick, which makes Point Frederick the more affordable unit market and Illawong the pricier one.

Over the past year house prices moved +7.8% in Illawong and -0.7% in Point Frederick (an estimate), so recent momentum favours Illawong, while Point Frederick went backwards.

Rental vacancy is 1.3% in Point Frederick and 1.8% in Illawong, so landlords in Point Frederick face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Illawong is the bigger suburb, with a population of 7,427 against 2,043, roughly 3.6 times the size of Point Frederick; a larger suburb usually means a deeper pool of buyers and tenants.

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