Harcourt vs Nichols Point

The median house price is $760K in Harcourt and $765K in Nichols Point, so Harcourt is the cheaper entry point, with Nichols Point houses about 1% dearer.

For units, Harcourt sits at a median of $595K against $405K in Nichols Point, which makes Nichols Point the more affordable unit market and Harcourt the pricier one.

On cash flow, Harcourt leads: houses there return a gross rental yield of 3.81%, compared with 3.01% in Nichols Point, a gap of 0.80 percentage points.

Over the past year house prices moved +10.0% in Harcourt (an estimate) and +6.0% in Nichols Point (an estimate), so recent momentum favours Harcourt, although both suburbs recorded growth.

Rental vacancy is 2.9% in Harcourt and 3.6% in Nichols Point, so landlords in Harcourt face less competition for tenants.

Nichols Point is the bigger suburb, with a population of 1,723 against 1,038, larger than Harcourt; a larger suburb usually means a deeper pool of buyers and tenants.

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