Andergrove vs Bungalow

Houses cost about the same in both suburbs: the median house price is $690K in Andergrove and $690K in Bungalow.

For units, Andergrove sits at a median of $465K against $375K in Bungalow, which makes Bungalow the more affordable unit market and Andergrove the pricier one.

Over the past year house prices moved +15.0% in Andergrove and +16.6% in Bungalow, so recent momentum favours Bungalow, although both suburbs recorded growth.

Looking back three years, Andergrove houses are +59.5% and Bungalow houses +43.9%, so Andergrove has compounded faster than Bungalow over the longer window.

Rental vacancy is 0.7% in Bungalow and 1.9% in Andergrove, so landlords in Bungalow face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Andergrove is the bigger suburb, with a population of 9,924 against 2,358, roughly 4.2 times the size of Bungalow; a larger suburb usually means a deeper pool of buyers and tenants.

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