Cambridge Gardens vs Colo Vale

Houses cost about the same in both suburbs: the median house price is $980K in Cambridge Gardens and $980K in Colo Vale.

For units, Cambridge Gardens sits at a median of $640K against $680K in Colo Vale, which makes Cambridge Gardens the more affordable unit market and Colo Vale the pricier one.

On cash flow, Colo Vale leads: houses there return a gross rental yield of 3.80%, compared with 3.40% in Cambridge Gardens, a gap of 0.40 percentage points.

Over the past year house prices moved +6.9% in Cambridge Gardens and +2.7% in Colo Vale (an estimate), so recent momentum favours Cambridge Gardens, although both suburbs recorded growth.

Rental vacancy is 2.7% in Cambridge Gardens and 3.1% in Colo Vale, so landlords in Cambridge Gardens face less competition for tenants.

Cambridge Gardens is the bigger suburb, with a population of 2,030 against 1,775, larger than Colo Vale; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Colo Vale for rental income, Cambridge Gardens for recent price momentum, Cambridge Gardens for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.