Connolly vs Serpentine

The median house price is $1.4M in Connolly and $1.4M in Serpentine, so Connolly is the cheaper entry point, with Serpentine houses about 1% dearer.

On cash flow, Serpentine leads: houses there return a gross rental yield of 3.46%, compared with 3.34% in Connolly, a gap of 0.12 percentage points.

Over the past year house prices moved +22.0% in Connolly and +19.2% in Serpentine, so recent momentum favours Connolly, although both suburbs recorded growth.

Looking back three years, Connolly houses are +76.4% and Serpentine houses +57.4%, so Connolly has compounded faster than Serpentine over the longer window.

Rental vacancy is 0.9% in Connolly and 2.1% in Serpentine, so landlords in Connolly face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Connolly is the bigger suburb, with a population of 3,675 against 2,863, larger than Serpentine; a larger suburb usually means a deeper pool of buyers and tenants.

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