Greenmount vs Jones Hill

Houses cost about the same in both suburbs: the median house price is $810K in Greenmount and $810K in Jones Hill.

For units, Greenmount sits at a median of $670K against $565K in Jones Hill, which makes Jones Hill the more affordable unit market and Greenmount the pricier one.

On cash flow, Jones Hill leads: houses there return a gross rental yield of 4.00%, compared with 2.71% in Greenmount, a gap of 1.29 percentage points.

Over the past year house prices moved +8.6% in Greenmount (an estimate) and +15.9% in Jones Hill, so recent momentum favours Jones Hill, although both suburbs recorded growth.

Rental vacancy is 1.1% in Jones Hill and 2.8% in Greenmount, so landlords in Jones Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Jones Hill is the bigger suburb, with a population of 1,135 against 488, roughly 2.3 times the size of Greenmount; a larger suburb usually means a deeper pool of buyers and tenants.

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