Aldgate vs Cumberland Park

The median house price is $1.6M in Aldgate and $1.5M in Cumberland Park, so Cumberland Park is the cheaper entry point, with Aldgate houses about 4% dearer.

For units, Aldgate sits at a median of $535K against $775K in Cumberland Park, which makes Aldgate the more affordable unit market and Cumberland Park the pricier one.

On cash flow, Aldgate leads: houses there return a gross rental yield of 2.46%, compared with 2.38% in Cumberland Park, a gap of 0.08 percentage points.

Over the past year house prices moved +6.8% in Aldgate (an estimate) and +15.1% in Cumberland Park, so recent momentum favours Cumberland Park, although both suburbs recorded growth.

Rental vacancy is 1.0% in Cumberland Park and 1.2% in Aldgate, so landlords in Cumberland Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Aldgate is the bigger suburb, with a population of 3,471 against 2,571, larger than Cumberland Park; a larger suburb usually means a deeper pool of buyers and tenants.

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