Granville vs Prestons

Houses cost about the same in both suburbs: the median house price is $1.3M in Granville and $1.3M in Prestons.

For units, Granville sits at a median of $530K against $950K in Prestons, which makes Granville the more affordable unit market and Prestons the pricier one.

On cash flow, Prestons leads: houses there return a gross rental yield of 3.41%, compared with 3.12% in Granville, a gap of 0.29 percentage points.

Over the past year house prices moved +6.4% in Granville (an estimate) and +5.4% in Prestons (an estimate), so recent momentum favours Granville, although both suburbs recorded growth.

Rental vacancy is 1.5% in Granville and 1.8% in Prestons, so landlords in Granville face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Granville is the bigger suburb, with a population of 16,716 against 15,694, larger than Prestons; a larger suburb usually means a deeper pool of buyers and tenants.

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