Augustine Heights vs Glenlee

Houses cost about the same in both suburbs: the median house price is $1.1M in Augustine Heights and $1.1M in Glenlee.

For units, Augustine Heights sits at a median of $805K against $415K in Glenlee, which makes Glenlee the more affordable unit market and Augustine Heights the pricier one.

On cash flow, Glenlee leads: houses there return a gross rental yield of 3.92%, compared with 3.26% in Augustine Heights, a gap of 0.66 percentage points.

Over the past year house prices moved +18.3% in Augustine Heights (an estimate) and +19.1% in Glenlee, so recent momentum favours Glenlee, although both suburbs recorded growth.

Rental vacancy is 0.8% in Augustine Heights and 3.1% in Glenlee, so landlords in Augustine Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Augustine Heights is the bigger suburb, with a population of 6,088 against 1,193, roughly 5 times the size of Glenlee; a larger suburb usually means a deeper pool of buyers and tenants.

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