Grasmere vs Hurlstone Park

Houses cost about the same in both suburbs: the median house price is $2.5M in Grasmere and $2.5M in Hurlstone Park.

For units, Grasmere sits at a median of $720K against $845K in Hurlstone Park, which makes Grasmere the more affordable unit market and Hurlstone Park the pricier one.

On cash flow, Hurlstone Park leads: houses there return a gross rental yield of 2.22%, compared with 1.69% in Grasmere, a gap of 0.53 percentage points.

Over the past year house prices moved +2.9% in Grasmere (an estimate) and +7.5% in Hurlstone Park (an estimate), so recent momentum favours Hurlstone Park, although both suburbs recorded growth.

Rental vacancy is 0.9% in Hurlstone Park and 2.4% in Grasmere, so landlords in Hurlstone Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Hurlstone Park is the bigger suburb, with a population of 5,001 against 2,105, roughly 2.4 times the size of Grasmere; a larger suburb usually means a deeper pool of buyers and tenants.

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