Clareville vs Kirribilli

The median house price is $3.7M in Clareville and $3.7M in Kirribilli, so Kirribilli is the cheaper entry point.

For units, Clareville sits at a median of $1.1M against $1.3M in Kirribilli, which makes Clareville the more affordable unit market and Kirribilli the pricier one.

On cash flow, Kirribilli leads: houses there return a gross rental yield of 2.20%, compared with 2.08% in Clareville, a gap of 0.12 percentage points.

Over the past year house prices moved -1.5% in Clareville and -17.7% in Kirribilli (an estimate), so recent momentum favours Clareville, while Kirribilli went backwards.

Rental vacancy is 0.7% in Kirribilli and 11.1% in Clareville, so landlords in Kirribilli face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kirribilli is the bigger suburb, with a population of 3,629 against 822, roughly 4.4 times the size of Clareville; a larger suburb usually means a deeper pool of buyers and tenants.

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