Aldgate vs West Beach

The median house price is $1.6M in Aldgate and $1.6M in West Beach, so Aldgate is the cheaper entry point, with West Beach houses about 5% dearer.

For units, Aldgate sits at a median of $535K against $655K in West Beach, which makes Aldgate the more affordable unit market and West Beach the pricier one.

Gross rental yield on houses is effectively level, at 2.46% in Aldgate and 2.46% in West Beach, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +6.8% in Aldgate (an estimate) and +11.1% in West Beach (an estimate), so recent momentum favours West Beach, although both suburbs recorded growth.

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

West Beach is the bigger suburb, with a population of 5,175 against 3,471, larger than Aldgate; a larger suburb usually means a deeper pool of buyers and tenants.

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