Old Erowal Bay vs Singleton Heights

Houses cost about the same in both suburbs: the median house price is $760K in Old Erowal Bay and $760K in Singleton Heights.

For units, Old Erowal Bay sits at a median of $620K against $460K in Singleton Heights, which makes Singleton Heights the more affordable unit market and Old Erowal Bay the pricier one.

Over the past year house prices moved +3.2% in Old Erowal Bay and +9.3% in Singleton Heights, so recent momentum favours Singleton Heights, although both suburbs recorded growth.

Rental vacancy is 0.9% in Singleton Heights and 2.4% in Old Erowal Bay, so landlords in Singleton Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Singleton Heights is the bigger suburb, with a population of 4,896 against 1,080, roughly 4.5 times the size of Old Erowal Bay; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Singleton Heights for recent price momentum, Singleton Heights for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.