Australind vs Girrawheen

The median house price is $785K in Australind and $790K in Girrawheen, so Australind is the cheaper entry point, with Girrawheen houses about 1% dearer.

For units, Australind sits at a median of $620K against $625K in Girrawheen, which makes Australind the more affordable unit market and Girrawheen the pricier one.

Gross rental yield on houses is effectively level, at 4.40% in Australind and 4.40% in Girrawheen, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +18.0% in Australind and +19.1% in Girrawheen, so recent momentum favours Girrawheen, although both suburbs recorded growth.

Looking back three years, Australind houses are +63.4% and Girrawheen houses +86.6%, so Girrawheen has compounded faster than Australind over the longer window.

Rental vacancy is 1.1% in Girrawheen and 2.0% in Australind, so landlords in Girrawheen face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Australind is the bigger suburb, with a population of 15,988 against 8,897, larger than Girrawheen; a larger suburb usually means a deeper pool of buyers and tenants.

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