Hamlyn Terrace vs Woodford

Houses cost about the same in both suburbs: the median house price is $1.0M in Hamlyn Terrace and $1.0M in Woodford.

For units, Hamlyn Terrace sits at a median of $695K against $730K in Woodford, which makes Hamlyn Terrace the more affordable unit market and Woodford the pricier one.

On cash flow, Hamlyn Terrace leads: houses there return a gross rental yield of 3.94%, compared with 3.50% in Woodford, a gap of 0.44 percentage points.

Over the past year house prices moved +9.3% in Hamlyn Terrace and +9.5% in Woodford, so recent momentum favours Woodford, although both suburbs recorded growth.

Looking back three years, Hamlyn Terrace houses are +15.6% and Woodford houses +26.7%, so Woodford has compounded faster than Hamlyn Terrace over the longer window.

Rental vacancy is 0.9% in Woodford and 1.4% in Hamlyn Terrace, so landlords in Woodford face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Hamlyn Terrace is the bigger suburb, with a population of 8,761 against 1,953, roughly 4.5 times the size of Woodford; a larger suburb usually means a deeper pool of buyers and tenants.

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