Annerley vs Lutwyche

The median house price is $1.5M in Annerley and $1.5M in Lutwyche, so Annerley is the cheaper entry point, with Lutwyche houses about 1% dearer.

On cash flow, Annerley leads: houses there return a gross rental yield of 2.80%, compared with 2.55% in Lutwyche, a gap of 0.25 percentage points.

Over the past year house prices moved +9.8% in Annerley and +2.7% in Lutwyche, so recent momentum favours Annerley, although both suburbs recorded growth.

Looking back three years, Annerley houses are +32.1% and Lutwyche houses +31.2%, so Annerley has compounded faster than Lutwyche over the longer window.

Rental vacancy is 0.3% in Lutwyche and 0.9% in Annerley, so landlords in Lutwyche face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Annerley is the bigger suburb, with a population of 11,891 against 4,610, roughly 2.6 times the size of Lutwyche; a larger suburb usually means a deeper pool of buyers and tenants.

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