Grange vs Stretton

The median house price is $1.9M in Grange and $2.0M in Stretton, so Grange is the cheaper entry point, with Stretton houses about 2% dearer.

Gross rental yield on houses is effectively level, at 2.58% in Grange and 2.55% in Stretton, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +11.6% in Grange and +14.4% in Stretton, so recent momentum favours Stretton, although both suburbs recorded growth.

Looking back three years, Grange houses are +21.9% and Stretton houses +60.0%, so Stretton has compounded faster than Grange over the longer window.

Rental vacancy is 1.1% in Grange and 1.9% in Stretton, so landlords in Grange face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Stretton is the bigger suburb, with a population of 4,686 against 4,615, larger than Grange; a larger suburb usually means a deeper pool of buyers and tenants.

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