Eastern Heights vs Redbank Plains

The median house price is $855K in Eastern Heights and $850K in Redbank Plains, so Redbank Plains is the cheaper entry point, with Eastern Heights houses about 1% dearer.

On cash flow, Redbank Plains leads: houses there return a gross rental yield of 3.78%, compared with 3.40% in Eastern Heights, a gap of 0.38 percentage points.

Over the past year house prices moved +21.3% in Eastern Heights (an estimate) and +19.7% in Redbank Plains, so recent momentum favours Eastern Heights, although both suburbs recorded growth.

Rental vacancy is 1.2% in Eastern Heights and 1.4% in Redbank Plains, so landlords in Eastern Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Redbank Plains is the bigger suburb, with a population of 24,349 against 3,631, roughly 7 times the size of Eastern Heights; a larger suburb usually means a deeper pool of buyers and tenants.

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