Aspendale Gardens vs Brunswick

The median house price is $1.3M in Aspendale Gardens and $1.3M in Brunswick, so Brunswick is the cheaper entry point, with Aspendale Gardens houses about 1% dearer.

On cash flow, Brunswick leads: houses there return a gross rental yield of 3.36%, compared with 3.29% in Aspendale Gardens, a gap of 0.07 percentage points.

Over the past year house prices moved +5.9% in Aspendale Gardens (an estimate) and +0.1% in Brunswick (an estimate), so recent momentum favours Aspendale Gardens, although both suburbs recorded growth.

Rental vacancy is 1.0% in Brunswick and 1.8% in Aspendale Gardens, so landlords in Brunswick face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Brunswick is the bigger suburb, with a population of 24,896 against 6,427, roughly 3.9 times the size of Aspendale Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

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