Charlestown vs Hamilton North

Houses cost about the same in both suburbs: the median house price is $1.1M in Charlestown and $1.1M in Hamilton North.

Gross rental yield on houses is effectively level, at 3.50% in Charlestown and 3.50% in Hamilton North, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +14.9% in Charlestown and +4.7% in Hamilton North, so recent momentum favours Charlestown, although both suburbs recorded growth.

Looking back three years, Charlestown houses are +24.0% and Hamilton North houses +17.5%, so Charlestown has compounded faster than Hamilton North over the longer window.

Rental vacancy is 0.4% in Hamilton North and 1.9% in Charlestown, so landlords in Hamilton North face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Charlestown is the bigger suburb, with a population of 13,601 against 934, roughly 15 times the size of Hamilton North; a larger suburb usually means a deeper pool of buyers and tenants.

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