Camden vs North Richmond

The median house price is $1.3M in Camden and $1.3M in North Richmond, so North Richmond is the cheaper entry point.

For units, Camden sits at a median of $710K against $770K in North Richmond, which makes Camden the more affordable unit market and North Richmond the pricier one.

On cash flow, North Richmond leads: houses there return a gross rental yield of 3.00%, compared with 2.82% in Camden, a gap of 0.18 percentage points.

Over the past year house prices moved +12.0% in Camden and +13.5% in North Richmond, so recent momentum favours North Richmond, although both suburbs recorded growth.

Looking back three years, Camden houses are +16.7% and North Richmond houses +25.3%, so North Richmond has compounded faster than Camden over the longer window.

Rental vacancy is 0.9% in Camden and 1.0% in North Richmond, so landlords in Camden face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Richmond is the bigger suburb, with a population of 6,358 against 3,378, larger than Camden; a larger suburb usually means a deeper pool of buyers and tenants.

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