Freemans Reach vs Hammondville

Houses cost about the same in both suburbs: the median house price is $1.2M in Freemans Reach and $1.2M in Hammondville.

For units, Freemans Reach sits at a median of $760K against $850K in Hammondville, which makes Freemans Reach the more affordable unit market and Hammondville the pricier one.

On cash flow, Freemans Reach leads: houses there return a gross rental yield of 3.55%, compared with 3.20% in Hammondville, a gap of 0.35 percentage points.

Over the past year house prices moved +6.6% in Freemans Reach and +7.9% in Hammondville, so recent momentum favours Hammondville, although both suburbs recorded growth.

Looking back three years, Freemans Reach houses are +19.3% and Hammondville houses +27.7%, so Hammondville has compounded faster than Freemans Reach over the longer window.

Rental vacancy is 2.7% in Freemans Reach and 3.2% in Hammondville, so landlords in Freemans Reach face less competition for tenants.

Hammondville is the bigger suburb, with a population of 3,691 against 2,049, larger than Freemans Reach; a larger suburb usually means a deeper pool of buyers and tenants.

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