Gelorup vs Joondanna

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

For units, Gelorup sits at a median of $540K against $730K in Joondanna, which makes Gelorup the more affordable unit market and Joondanna the pricier one.

On cash flow, Joondanna leads: houses there return a gross rental yield of 3.80%, compared with 2.66% in Gelorup, a gap of 1.14 percentage points.

Over the past year house prices moved +20.9% in Gelorup and +22.1% in Joondanna, so recent momentum favours Joondanna, although both suburbs recorded growth.

Looking back three years, Gelorup houses are +68.0% and Joondanna houses +61.2%, so Gelorup has compounded faster than Joondanna over the longer window.

Rental vacancy is 0.4% in Joondanna and 4.4% in Gelorup, so landlords in Joondanna face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Joondanna is the bigger suburb, with a population of 5,283 against 2,255, roughly 2.3 times the size of Gelorup; a larger suburb usually means a deeper pool of buyers and tenants.

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