Gelorup vs Gooseberry Hill

Houses cost about the same in both suburbs: the median house price is $1.3M in Gelorup and $1.3M in Gooseberry Hill.

On cash flow, Gooseberry Hill leads: houses there return a gross rental yield of 3.30%, compared with 2.66% in Gelorup, a gap of 0.64 percentage points.

Over the past year house prices moved +20.9% in Gelorup and +16.1% in Gooseberry Hill, so recent momentum favours Gelorup, although both suburbs recorded growth.

Looking back three years, Gelorup houses are +68.0% and Gooseberry Hill houses +47.7%, so Gelorup has compounded faster than Gooseberry Hill over the longer window.

Rental vacancy is 1.9% in Gooseberry Hill and 4.4% in Gelorup, so landlords in Gooseberry Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Gooseberry Hill is the bigger suburb, with a population of 3,323 against 2,255, larger than Gelorup; a larger suburb usually means a deeper pool of buyers and tenants.

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