Aitkenvale vs Condon

The median house price is $615K in Aitkenvale and $620K in Condon, so Aitkenvale is the cheaper entry point, with Condon houses about 1% dearer.

For units, Aitkenvale sits at a median of $530K against $460K in Condon, which makes Condon the more affordable unit market and Aitkenvale the pricier one.

On cash flow, Condon leads: houses there return a gross rental yield of 4.74%, compared with 4.62% in Aitkenvale, a gap of 0.12 percentage points.

Over the past year house prices moved +16.9% in Aitkenvale (an estimate) and +16.8% in Condon, so recent momentum favours Aitkenvale, although both suburbs recorded growth.

Rental vacancy is 1.0% in Condon and 1.1% in Aitkenvale, so landlords in Condon face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Condon is the bigger suburb, with a population of 5,894 against 4,797, larger than Aitkenvale; a larger suburb usually means a deeper pool of buyers and tenants.

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