Constitution Hill vs St Johns Park

The median house price is $1.5M in Constitution Hill and $1.5M in St Johns Park, so St Johns Park is the cheaper entry point, with Constitution Hill houses about 1% dearer.

On cash flow, Constitution Hill leads: houses there return a gross rental yield of 2.69%, compared with 2.61% in St Johns Park, a gap of 0.08 percentage points.

Over the past year house prices moved -1.0% in Constitution Hill (an estimate) and +13.1% in St Johns Park (an estimate), so recent momentum favours St Johns Park, while Constitution Hill went backwards.

Rental vacancy is 1.8% in St Johns Park and 1.9% in Constitution Hill, so landlords in St Johns Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

St Johns Park is the bigger suburb, with a population of 6,302 against 4,030, larger than Constitution Hill; a larger suburb usually means a deeper pool of buyers and tenants.

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