Cambridge Gardens vs Wadalba

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

On cash flow, Wadalba leads: houses there return a gross rental yield of 4.00%, compared with 3.40% in Cambridge Gardens, a gap of 0.60 percentage points.

Over the past year house prices moved +6.9% in Cambridge Gardens and +7.0% in Wadalba, so recent momentum favours Wadalba, although both suburbs recorded growth.

Looking back three years, Cambridge Gardens houses are +22.5% and Wadalba houses +13.3%, so Cambridge Gardens has compounded faster than Wadalba over the longer window.

Rental vacancy is 0.7% in Wadalba and 2.7% in Cambridge Gardens, so landlords in Wadalba face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wadalba is the bigger suburb, with a population of 4,204 against 2,030, roughly 2.1 times the size of Cambridge Gardens; a larger suburb usually means a deeper pool of buyers and tenants.

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