Mallabula vs Old Erowal Bay
Property investment comparison - Mallabula, NSW 2319 vs Old Erowal Bay, NSW 2540
Head-to-head across core investment metrics: Mallabula wins 2, Old Erowal Bay wins 1. 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.
| Metric | Mallabula | Old Erowal Bay |
|---|---|---|
| Median house price | $760K | $760K |
| Median unit price | - | $620K |
| Gross rental yield (houses) | 4.02% | - |
| Gross rental yield (units) | 6.56% | 4.27% |
| 1-year house growth | +6.9% | +3.2% |
| 3-year house growth | - | - |
| Vacancy rate | 2.4% | 2.4% |
| Population | 963 | 1,080 |
Mallabula vs Old Erowal Bay: what the numbers say
Houses cost about the same in both suburbs: the median house price is $760K in Mallabula and $760K in Old Erowal Bay.
Over the past year house prices moved +6.9% in Mallabula and +3.2% in Old Erowal Bay, so recent momentum favours Mallabula, although both suburbs recorded growth.
Rental vacancy is the same in both, at 2.4%.
Old Erowal Bay is the bigger suburb, with a population of 1,080 against 963, larger than Mallabula; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mallabula for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Old Erowal Bay, NSW 2540
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