Apple Tree Creek vs Pimlico

Houses cost about the same in both suburbs: the median house price is $660K in Apple Tree Creek and $660K in Pimlico.

For units, Apple Tree Creek sits at a median of $215K against $400K in Pimlico, which makes Apple Tree Creek the more affordable unit market and Pimlico the pricier one.

On cash flow, Pimlico leads: houses there return a gross rental yield of 4.52%, compared with 4.12% in Apple Tree Creek, a gap of 0.40 percentage points.

Over the past year house prices moved +17.9% in Apple Tree Creek and +16.0% in Pimlico, so recent momentum favours Apple Tree Creek, although both suburbs recorded growth.

Looking back three years, Apple Tree Creek houses are +57.5% and Pimlico houses +80.2%, so Pimlico has compounded faster than Apple Tree Creek over the longer window.

Rental vacancy is 1.1% in Pimlico and 4.2% in Apple Tree Creek, so landlords in Pimlico face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Pimlico is the bigger suburb, with a population of 2,557 against 726, roughly 3.5 times the size of Apple Tree Creek; a larger suburb usually means a deeper pool of buyers and tenants.

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