Gelorup vs Maylands

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

For units, Gelorup sits at a median of $540K against $620K in Maylands, which makes Gelorup the more affordable unit market and Maylands the pricier one.

On cash flow, Maylands leads: houses there return a gross rental yield of 3.33%, compared with 2.66% in Gelorup, a gap of 0.67 percentage points.

Over the past year house prices moved +20.9% in Gelorup and +17.9% in Maylands, so recent momentum favours Gelorup, although both suburbs recorded growth.

Looking back three years, Gelorup houses are +68.0% and Maylands houses +76.1%, so Maylands has compounded faster than Gelorup over the longer window.

Rental vacancy is 1.0% in Maylands and 4.4% in Gelorup, so landlords in Maylands face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Maylands is the bigger suburb, with a population of 13,199 against 2,255, roughly 6 times the size of Gelorup; a larger suburb usually means a deeper pool of buyers and tenants.

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