Gormans Hill vs Junction Hill

The median house price is $590K in Gormans Hill and $595K in Junction Hill, so Gormans Hill is the cheaper entry point, with Junction Hill houses about 1% dearer.

On cash flow, Junction Hill leads: houses there return a gross rental yield of 5.10%, compared with 4.67% in Gormans Hill, a gap of 0.43 percentage points.

Over the past year house prices moved +2.3% in Gormans Hill and +6.4% in Junction Hill, so recent momentum favours Junction Hill, although both suburbs recorded growth.

Looking back three years, Gormans Hill houses are +24.8% and Junction Hill houses +1.9%, so Gormans Hill has compounded faster than Junction Hill over the longer window.

Rental vacancy is 0.6% in Junction Hill and 1.4% in Gormans Hill, so landlords in Junction Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Junction Hill is the bigger suburb, with a population of 1,547 against 887, larger than Gormans Hill; a larger suburb usually means a deeper pool of buyers and tenants.

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