Fulham vs Lockleys

The median house price is $1.6M in Fulham and $1.5M in Lockleys, so Lockleys is the cheaper entry point, with Fulham houses about 6% dearer.

For units, Fulham sits at a median of $700K against $610K in Lockleys, which makes Lockleys the more affordable unit market and Fulham the pricier one.

On cash flow, Fulham leads: houses there return a gross rental yield of 2.70%, compared with 2.60% in Lockleys, a gap of 0.10 percentage points.

Over the past year house prices moved +10.3% in Fulham and +10.8% in Lockleys (an estimate), so recent momentum favours Lockleys, although both suburbs recorded growth.

Rental vacancy is 0.7% in Lockleys and 1.4% in Fulham, so landlords in Lockleys face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Lockleys is the bigger suburb, with a population of 5,987 against 2,920, roughly 2.1 times the size of Fulham; a larger suburb usually means a deeper pool of buyers and tenants.

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