Habana vs Zillmere

The median house price is $1.1M in Habana and $1.1M in Zillmere, so Habana is the cheaper entry point.

For units, Habana sits at a median of $505K against $750K in Zillmere, which makes Habana the more affordable unit market and Zillmere the pricier one.

On cash flow, Zillmere leads: houses there return a gross rental yield of 3.34%, compared with 2.64% in Habana, a gap of 0.70 percentage points.

Over the past year house prices moved +6.2% in Habana (an estimate) and +15.0% in Zillmere, so recent momentum favours Zillmere, although both suburbs recorded growth.

Rental vacancy is 1.0% in Zillmere and 2.6% in Habana, so landlords in Zillmere face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Zillmere is the bigger suburb, with a population of 9,323 against 1,022, roughly 9 times the size of Habana; a larger suburb usually means a deeper pool of buyers and tenants.

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