Bonnyrigg vs Granville

The median house price is $1.3M in Bonnyrigg and $1.3M in Granville, so Granville is the cheaper entry point.

For units, Bonnyrigg sits at a median of $630K against $530K in Granville, which makes Granville the more affordable unit market and Bonnyrigg the pricier one.

On cash flow, Granville leads: houses there return a gross rental yield of 3.12%, compared with 2.91% in Bonnyrigg, a gap of 0.21 percentage points.

Over the past year house prices moved +10.6% in Bonnyrigg and +6.4% in Granville (an estimate), so recent momentum favours Bonnyrigg, although both suburbs recorded growth.

Rental vacancy is 0.9% in Bonnyrigg and 1.5% in Granville, so landlords in Bonnyrigg face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Granville is the bigger suburb, with a population of 16,716 against 9,785, larger than Bonnyrigg; a larger suburb usually means a deeper pool of buyers and tenants.

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