Craigburn Farm vs Torrens Park

The median house price is $1.6M in Craigburn Farm and $1.7M in Torrens Park, so Craigburn Farm is the cheaper entry point, with Torrens Park houses about 3% dearer.

For units, Craigburn Farm sits at a median of $710K against $700K in Torrens Park, which makes Torrens Park the more affordable unit market and Craigburn Farm the pricier one.

On cash flow, Torrens Park leads: houses there return a gross rental yield of 2.72%, compared with 2.37% in Craigburn Farm, a gap of 0.35 percentage points.

Over the past year house prices moved +14.9% in Craigburn Farm (an estimate) and +7.2% in Torrens Park, so recent momentum favours Craigburn Farm, although both suburbs recorded growth.

Rental vacancy is 0.3% in Craigburn Farm and 0.4% in Torrens Park, so landlords in Craigburn Farm face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Craigburn Farm is the bigger suburb, with a population of 3,099 against 2,687, larger than Torrens Park; a larger suburb usually means a deeper pool of buyers and tenants.

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