Fitzgibbon vs Meridan Plains

Houses cost about the same in both suburbs: the median house price is $955K in Fitzgibbon and $955K in Meridan Plains.

For units, Fitzgibbon sits at a median of $785K against $780K in Meridan Plains, which makes Meridan Plains the more affordable unit market and Fitzgibbon the pricier one.

On cash flow, Meridan Plains leads: houses there return a gross rental yield of 3.90%, compared with 3.70% in Fitzgibbon, a gap of 0.20 percentage points.

Over the past year house prices moved +15.1% in Fitzgibbon and +18.6% in Meridan Plains, so recent momentum favours Meridan Plains, although both suburbs recorded growth.

Looking back three years, Fitzgibbon houses are +46.4% and Meridan Plains houses +28.6%, so Fitzgibbon has compounded faster than Meridan Plains over the longer window.

Rental vacancy is 1.0% in Fitzgibbon and 1.2% in Meridan Plains, so landlords in Fitzgibbon face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Fitzgibbon is the bigger suburb, with a population of 6,296 against 4,589, larger than Meridan Plains; a larger suburb usually means a deeper pool of buyers and tenants.

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