Concord West vs Matraville

Houses cost about the same in both suburbs: the median house price is $2.8M in Concord West and $2.8M in Matraville.

For units, Concord West sits at a median of $1.3M against $955K in Matraville, which makes Matraville the more affordable unit market and Concord West the pricier one.

On cash flow, Matraville leads: houses there return a gross rental yield of 3.14%, compared with 1.98% in Concord West, a gap of 1.16 percentage points.

Over the past year house prices moved -3.1% in Concord West (an estimate) and +1.6% in Matraville (an estimate), so recent momentum favours Matraville, while Concord West went backwards.

Rental vacancy is 1.0% in Matraville and 1.8% in Concord West, so landlords in Matraville face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Matraville is the bigger suburb, with a population of 9,925 against 6,178, larger than Concord West; a larger suburb usually means a deeper pool of buyers and tenants.

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