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Rushcutters Bay vs St Leonards

Property investment comparison - Rushcutters Bay, NSW 2011 vs St Leonards, NSW 2065

Head-to-head across core investment metrics: Rushcutters Bay wins 1, St Leonards wins 2. 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.

MetricRushcutters BaySt Leonards
Median house price$3.1M$3.0M
Median unit price-$1.1M
Gross rental yield (houses)1.27%-
Gross rental yield (units)3.70%-
1-year house growth+9.2%estimate-1.9%
3-year house growth--
Vacancy rate2.3%1.9%
Population2,3357,212

Rushcutters Bay vs St Leonards: what the numbers say

The median house price is $3.1M in Rushcutters Bay and $3.0M in St Leonards, so St Leonards is the cheaper entry point, with Rushcutters Bay houses about 1% dearer.

Over the past year house prices moved +9.2% in Rushcutters Bay (an estimate) and -1.9% in St Leonards, so recent momentum favours Rushcutters Bay, while St Leonards went backwards.

Rental vacancy is 1.9% in St Leonards and 2.3% in Rushcutters Bay, so landlords in St Leonards face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

St Leonards is the bigger suburb, with a population of 7,212 against 2,335, roughly 3.1 times the size of Rushcutters Bay; a larger suburb usually means a deeper pool of buyers and tenants.

In short: St Leonards for a lower purchase price, Rushcutters Bay for recent price momentum, St Leonards 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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