Jannali vs Ultimo

The median house price is $1.8M in Jannali and $1.7M in Ultimo, so Ultimo is the cheaper entry point, with Jannali houses about 1% dearer.

For units, Jannali sits at a median of $925K against $705K in Ultimo, which makes Ultimo the more affordable unit market and Jannali the pricier one.

On cash flow, Ultimo leads: houses there return a gross rental yield of 3.17%, compared with 3.01% in Jannali, a gap of 0.16 percentage points.

Over the past year house prices moved +6.3% in Jannali and -8.9% in Ultimo (an estimate), so recent momentum favours Jannali, while Ultimo went backwards.

Rental vacancy is 0.7% in Jannali and 1.6% in Ultimo, so landlords in Jannali face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Ultimo is the bigger suburb, with a population of 7,410 against 6,632, larger than Jannali; a larger suburb usually means a deeper pool of buyers and tenants.

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