Elizabeth Hills vs Fairfield Heights

The median house price is $1.3M in Elizabeth Hills and $1.3M in Fairfield Heights, so Fairfield Heights is the cheaper entry point.

On cash flow, Elizabeth Hills leads: houses there return a gross rental yield of 3.37%, compared with 3.30% in Fairfield Heights, a gap of 0.07 percentage points.

Over the past year house prices moved +5.3% in Elizabeth Hills (an estimate) and +6.0% in Fairfield Heights (an estimate), so recent momentum favours Fairfield Heights, although both suburbs recorded growth.

Rental vacancy is 1.0% in Fairfield Heights and 2.7% in Elizabeth Hills, so landlords in Fairfield Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Fairfield Heights is the bigger suburb, with a population of 8,269 against 3,208, roughly 2.6 times the size of Elizabeth Hills; a larger suburb usually means a deeper pool of buyers and tenants.

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