Gordon vs Kirribilli

The median house price is $3.7M in Gordon and $3.7M in Kirribilli, so Gordon is the cheaper entry point, with Kirribilli houses about 1% dearer.

For units, Gordon sits at a median of $940K against $1.3M in Kirribilli, which makes Gordon the more affordable unit market and Kirribilli the pricier one.

On cash flow, Kirribilli leads: houses there return a gross rental yield of 2.20%, compared with 2.11% in Gordon, a gap of 0.09 percentage points.

Over the past year house prices moved -1.7% in Gordon and -17.7% in Kirribilli (an estimate), so recent momentum favours Gordon, while Kirribilli went backwards.

Rental vacancy is 0.7% in Kirribilli and 2.3% in Gordon, so landlords in Kirribilli face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Gordon is the bigger suburb, with a population of 8,795 against 3,629, roughly 2.4 times the size of Kirribilli; a larger suburb usually means a deeper pool of buyers and tenants.

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