Both are 1" sensor so a cut above the average 1/2" offerings. I would say the only 1" bridge cam better would be the Sony RX10 IV, but it's way above your budget
The Sony RX10 III really only lacks the focussing speed of the IV but is still over budget new although there are plenty of good s/h ones available as people swapped to the IV.
I vouch for the RX10 3 - have a good hunt through eBay and you can find for occasionally £700 ish; firmly vouch for mine, I don’t seem to ever have any AF problems despite the claims - and I am hard work!
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