Grays Point vs Hamilton East

The median house price is $2.0M in Grays Point and $2M in Hamilton East, so Hamilton East is the cheaper entry point, with Grays Point houses about 1% dearer.

Over the past year house prices moved +1.8% in Grays Point and +3.6% in Hamilton East, so recent momentum favours Hamilton East, although both suburbs recorded growth.

Looking back three years, Grays Point houses are +5.5% and Hamilton East houses +13.2%, so Hamilton East has compounded faster than Grays Point over the longer window.

Rental vacancy is 0.2% in Grays Point and 1.3% in Hamilton East, so landlords in Grays Point face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Grays Point is the bigger suburb, with a population of 3,034 against 997, roughly 3.0 times the size of Hamilton East; a larger suburb usually means a deeper pool of buyers and tenants.

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