Aberglasslyn vs Kings Point

The median house price is $860K in Aberglasslyn and $865K in Kings Point, so Aberglasslyn is the cheaper entry point, with Kings Point houses about 1% dearer.

For units, Aberglasslyn sits at a median of $700K against $695K in Kings Point, which makes Kings Point the more affordable unit market and Aberglasslyn the pricier one.

On cash flow, Aberglasslyn leads: houses there return a gross rental yield of 3.90%, compared with 3.50% in Kings Point, a gap of 0.40 percentage points.

Over the past year house prices moved +11.1% in Aberglasslyn and +6.6% in Kings Point, so recent momentum favours Aberglasslyn, although both suburbs recorded growth.

Looking back three years, Aberglasslyn houses are +22.4% and Kings Point houses +6.2%, so Aberglasslyn has compounded faster than Kings Point over the longer window.

Rental vacancy is 2.0% in Aberglasslyn and 2.2% in Kings Point, so landlords in Aberglasslyn face less competition for tenants.

Aberglasslyn is the bigger suburb, with a population of 6,552 against 609, roughly 11 times the size of Kings Point; a larger suburb usually means a deeper pool of buyers and tenants.

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