Fairymead vs Julatten

Houses cost about the same in both suburbs: the median house price is $850K in Fairymead and $850K in Julatten.

For units, Fairymead sits at a median of $590K against $1.3M in Julatten, which makes Fairymead the more affordable unit market and Julatten the pricier one.

On cash flow, Fairymead leads: houses there return a gross rental yield of 4.05%, compared with 3.73% in Julatten, a gap of 0.32 percentage points.

Over the past year house prices moved +12.4% in Fairymead and +9.2% in Julatten, so recent momentum favours Fairymead, although both suburbs recorded growth.

Looking back three years, Fairymead houses are +34.6% and Julatten houses +39.3%, so Julatten has compounded faster than Fairymead over the longer window.

Rental vacancy is 1.1% in Fairymead and 1.5% in Julatten, so landlords in Fairymead face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Julatten is the bigger suburb, with a population of 1,020 against 28, roughly 36 times the size of Fairymead; a larger suburb usually means a deeper pool of buyers and tenants.

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