Burnside vs Glenunga

The median house price is $1.8M in Burnside and $1.9M in Glenunga, so Burnside is the cheaper entry point, with Glenunga houses about 4% dearer.

For units, Burnside sits at a median of $820K against $745K in Glenunga, which makes Glenunga the more affordable unit market and Burnside the pricier one.

On cash flow, Glenunga leads: houses there return a gross rental yield of 2.48%, compared with 2.32% in Burnside, a gap of 0.16 percentage points.

Over the past year house prices moved +4.7% in Burnside and +0.6% in Glenunga, so recent momentum favours Burnside, although both suburbs recorded growth.

Looking back three years, Burnside houses are +42.5% and Glenunga houses +36.7%, so Burnside has compounded faster than Glenunga over the longer window.

Rental vacancy is 1.4% in Glenunga and 3.4% in Burnside, so landlords in Glenunga face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Burnside is the bigger suburb, with a population of 3,060 against 2,184, larger than Glenunga; a larger suburb usually means a deeper pool of buyers and tenants.

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