(change) event bound to classical input change event.

https://developer.mozilla.org/en-US/docs/Web/Events/change

You can use (change) event even if you don't have a model at your input as

<input (change)="somethingChanged()">

(ngModelChange) is the @Output of ngModel directive. It fires when the model changes. You cannot use this event without ngModel directive.

https://github.com/angular/angular/blob/master/packages/forms/src/directives/ng_model.ts#L124

As you discover more in the source code, (ngModelChange) emits the new value.

https://github.com/angular/angular/blob/master/packages/forms/src/directives/ng_model.ts#L169

So it means you have ability of such usage:

<input (ngModelChange)="modelChanged($event)">

modelChanged(newObj) {
    // do something with new value
}

Basically, it seems like there is no big difference between two, but ngModel events gains the power when you use [ngValue].

  <select [(ngModel)]="data" (ngModelChange)="dataChanged($event)" name="data">
      <option *ngFor="let currentData of allData" [ngValue]="currentData">
          {{data.name}}
      </option>
  </select>

dataChanged(newObj) {
    // here comes the object as parameter
}

assume you try the same thing without "ngModel things"

<select (change)="changed($event)">
    <option *ngFor="let currentData of allData" [value]="currentData.id">
        {{data.name}}
    </option>
</select>

changed(e){
    // event comes as parameter, you'll have to find selectedData manually
    // by using e.target.data
}

In Angular 7, the (ngModelChange)="eventHandler()" will fire before the value bound to [(ngModel)]="value" is changed while the (change)="eventHandler()" will fire after the value bound to [(ngModel)]="value" is changed.

As I have found and wrote in another topic - this applies to angular < 7 (not sure how it is in 7+)

Just for the future

we need to observe that [(ngModel)]="hero.name" is just a short-cut that can be de-sugared to: [ngModel]="hero.name" (ngModelChange)="hero.name = $event".

So if we de-sugar code we would end up with:

<select (ngModelChange)="onModelChange()" [ngModel]="hero.name" (ngModelChange)="hero.name = $event">

or

<[ngModel]="hero.name" (ngModelChange)="hero.name = $event" select (ngModelChange)="onModelChange()">

If you inspect the above code you will notice that we end up with 2 ngModelChange events and those need to be executed in some order.

Summing up: If you place ngModelChange before ngModel, you get the $event as the new value, but your model object still holds previous value. If you place it after ngModel, the model will already have the new value.

SOURCE