Beacon Hill vs Davidson

The median house price is $2.4M in Beacon Hill and $2.4M in Davidson, so Beacon Hill is the cheaper entry point.

For units, Beacon Hill sits at a median of $2.1M against $630K in Davidson, which makes Davidson the more affordable unit market and Beacon Hill the pricier one.

On cash flow, Davidson leads: houses there return a gross rental yield of 3.50%, compared with 2.90% in Beacon Hill, a gap of 0.60 percentage points.

Over the past year house prices moved +0.1% in Beacon Hill (an estimate) and +2.4% in Davidson, so recent momentum favours Davidson, although both suburbs recorded growth.

Rental vacancy is 2.0% in Beacon Hill and 3.9% in Davidson, so landlords in Beacon Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Beacon Hill is the bigger suburb, with a population of 7,814 against 2,725, roughly 2.9 times the size of Davidson; a larger suburb usually means a deeper pool of buyers and tenants.

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