Lutwyche vs Macgregor

The median house price is $1.5M in Lutwyche and $1.5M in Macgregor, so Lutwyche is the cheaper entry point, with Macgregor houses about 1% dearer.

For units, Lutwyche sits at a median of $830K against $725K in Macgregor, which makes Macgregor the more affordable unit market and Lutwyche the pricier one.

Over the past year house prices moved +2.7% in Lutwyche and +7.9% in Macgregor, so recent momentum favours Macgregor, although both suburbs recorded growth.

Looking back three years, Lutwyche houses are +31.2% and Macgregor houses +52.9%, so Macgregor has compounded faster than Lutwyche over the longer window.

Rental vacancy is 0.3% in Lutwyche and 1.8% in Macgregor, so landlords in Lutwyche face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Macgregor is the bigger suburb, with a population of 5,980 against 4,610, larger than Lutwyche; a larger suburb usually means a deeper pool of buyers and tenants.

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