Albion Park vs Cambridge Gardens

Houses cost about the same in both suburbs: the median house price is $980K in Albion Park and $980K in Cambridge Gardens.

For units, Albion Park sits at a median of $780K against $640K in Cambridge Gardens, which makes Cambridge Gardens the more affordable unit market and Albion Park the pricier one.

On cash flow, Albion Park leads: houses there return a gross rental yield of 4.00%, compared with 3.40% in Cambridge Gardens, a gap of 0.60 percentage points.

Over the past year house prices moved +12.1% in Albion Park and +6.9% in Cambridge Gardens, so recent momentum favours Albion Park, although both suburbs recorded growth.

Looking back three years, Albion Park houses are +11.3% and Cambridge Gardens houses +22.5%, so Cambridge Gardens has compounded faster than Albion Park over the longer window.

Rental vacancy is 0.8% in Albion Park and 2.7% in Cambridge Gardens, so landlords in Albion Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Albion Park is the bigger suburb, with a population of 13,826 against 2,030, roughly 7 times the size of Cambridge Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

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