Glengarry vs Golden Square

Houses cost about the same in both suburbs: the median house price is $610K in Glengarry and $610K in Golden Square.

For units, Glengarry sits at a median of $425K against $500K in Golden Square, which makes Glengarry the more affordable unit market and Golden Square the pricier one.

On cash flow, Golden Square leads: houses there return a gross rental yield of 4.51%, compared with 3.01% in Glengarry, a gap of 1.50 percentage points.

Over the past year house prices moved +3.6% in Glengarry (an estimate) and +11.5% in Golden Square, so recent momentum favours Golden Square, although both suburbs recorded growth.

Rental vacancy is 0.9% in Golden Square and 1.6% in Glengarry, so landlords in Golden Square face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Golden Square is the bigger suburb, with a population of 9,220 against 1,113, roughly 8 times the size of Glengarry; a larger suburb usually means a deeper pool of buyers and tenants.

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