Augustine Heights vs Innes Park

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

For units, Augustine Heights sits at a median of $805K against $665K in Innes Park, which makes Innes Park the more affordable unit market and Augustine Heights the pricier one.

On cash flow, Innes Park leads: houses there return a gross rental yield of 3.42%, compared with 3.26% in Augustine Heights, a gap of 0.16 percentage points.

Over the past year house prices moved +18.3% in Augustine Heights (an estimate) and +12.5% in Innes Park, so recent momentum favours Augustine Heights, although both suburbs recorded growth.

Rental vacancy is 0.8% in Augustine Heights and 0.9% in Innes Park, 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 2,653, roughly 2.3 times the size of Innes Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Innes Park for rental income, Augustine Heights 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.