Bellevue Heights vs Plympton Park

The median house price is $1.2M in Bellevue Heights and $1.2M in Plympton Park, so Bellevue Heights is the cheaper entry point, with Plympton Park houses about 3% dearer.

On cash flow, Plympton Park leads: houses there return a gross rental yield of 3.07%, compared with 3.00% in Bellevue Heights, a gap of 0.07 percentage points.

Over the past year house prices moved +15.9% in Bellevue Heights and +10.0% in Plympton Park, so recent momentum favours Bellevue Heights, although both suburbs recorded growth.

Looking back three years, Bellevue Heights houses are +35.0% and Plympton Park houses +42.2%, so Plympton Park has compounded faster than Bellevue Heights over the longer window.

Rental vacancy is 1.3% in Plympton Park and 1.6% in Bellevue Heights, so landlords in Plympton Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Plympton Park is the bigger suburb, with a population of 3,881 against 2,712, larger than Bellevue Heights; a larger suburb usually means a deeper pool of buyers and tenants.

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