Hamilton Hill vs Joondalup

The median house price is $1M in Hamilton Hill and $1.0M in Joondalup, so Hamilton Hill is the cheaper entry point, with Joondalup houses about 1% dearer.

For units, Hamilton Hill sits at a median of $650K against $630K in Joondalup, which makes Joondalup the more affordable unit market and Hamilton Hill the pricier one.

On cash flow, Hamilton Hill leads: houses there return a gross rental yield of 3.90%, compared with 3.80% in Joondalup, a gap of 0.10 percentage points.

Over the past year house prices moved +14.3% in Hamilton Hill and +14.9% in Joondalup, so recent momentum favours Joondalup, although both suburbs recorded growth.

Looking back three years, Hamilton Hill houses are +63.0% and Joondalup houses +75.7%, so Joondalup has compounded faster than Hamilton Hill over the longer window.

Rental vacancy is the same in both, at 0.5%.

Hamilton Hill is the bigger suburb, with a population of 11,327 against 9,193, larger than Joondalup; a larger suburb usually means a deeper pool of buyers and tenants.

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