Gooseberry Hill vs Joondanna

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

On cash flow, Joondanna leads: houses there return a gross rental yield of 3.80%, compared with 3.30% in Gooseberry Hill, a gap of 0.50 percentage points.

Over the past year house prices moved +16.1% in Gooseberry Hill and +22.1% in Joondanna, so recent momentum favours Joondanna, although both suburbs recorded growth.

Looking back three years, Gooseberry Hill houses are +47.7% and Joondanna houses +61.2%, so Joondanna has compounded faster than Gooseberry Hill over the longer window.

Rental vacancy is 0.4% in Joondanna and 1.9% in Gooseberry Hill, 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 3,323, larger than Gooseberry Hill; 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.