Glenella vs Point Vernon

The median house price is $820K in Glenella and $815K in Point Vernon, so Point Vernon is the cheaper entry point, with Glenella houses about 1% dearer.

On cash flow, Glenella leads: houses there return a gross rental yield of 4.89%, compared with 4.00% in Point Vernon, a gap of 0.89 percentage points.

Over the past year house prices moved +12.6% in Glenella and +14.4% in Point Vernon, so recent momentum favours Point Vernon, although both suburbs recorded growth.

Looking back three years, Glenella houses are +45.0% and Point Vernon houses +37.4%, so Glenella has compounded faster than Point Vernon over the longer window.

Rental vacancy is 2.2% in Glenella and 2.9% in Point Vernon, so landlords in Glenella face less competition for tenants.

Point Vernon is the bigger suburb, with a population of 5,718 against 4,545, larger than Glenella; a larger suburb usually means a deeper pool of buyers and tenants.

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