Ascot Vale vs Edithvale

The median house price is $1.4M in Ascot Vale and $1.3M in Edithvale, so Edithvale is the cheaper entry point, with Ascot Vale houses about 1% dearer.

For units, Ascot Vale sits at a median of $670K against $860K in Edithvale, which makes Ascot Vale the more affordable unit market and Edithvale the pricier one.

Gross rental yield on houses is effectively level, at 2.97% in Ascot Vale and 3.02% in Edithvale, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +5.2% in Ascot Vale (an estimate) and +4.0% in Edithvale (an estimate), so recent momentum favours Ascot Vale, although both suburbs recorded growth.

Rental vacancy is the same in both, at 1.8%.

Ascot Vale is the bigger suburb, with a population of 15,197 against 6,276, roughly 2.4 times the size of Edithvale; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Edithvale for a lower purchase price, Ascot Vale for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.