Elderslie vs Windang

Houses cost about the same in both suburbs: the median house price is $1.2M in Elderslie and $1.2M in Windang.

Gross rental yield on houses is effectively level, at 3.30% in Elderslie and 3.33% in Windang, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +6.9% in Elderslie and +5.1% in Windang, so recent momentum favours Elderslie, although both suburbs recorded growth.

Looking back three years, Elderslie houses are +19.2% and Windang houses +21.0%, so Windang has compounded faster than Elderslie over the longer window.

Rental vacancy is 0.3% in Windang and 0.6% in Elderslie, so landlords in Windang face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Elderslie is the bigger suburb, with a population of 7,878 against 2,610, roughly 3.0 times the size of Windang; a larger suburb usually means a deeper pool of buyers and tenants.

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