Mount Victoria vs Willmot

Houses cost about the same in both suburbs: the median house price is $850K in Mount Victoria and $850K in Willmot.

For units, Mount Victoria sits at a median of $555K against $460K in Willmot, which makes Willmot the more affordable unit market and Mount Victoria the pricier one.

On cash flow, Mount Victoria leads: houses there return a gross rental yield of 3.60%, compared with 3.12% in Willmot, a gap of 0.48 percentage points.

Over the past year house prices moved +10.3% in Mount Victoria (an estimate) and +4.3% in Willmot (an estimate), so recent momentum favours Mount Victoria, although both suburbs recorded growth.

Rental vacancy is 0.6% in Mount Victoria and 1.4% in Willmot, so landlords in Mount Victoria face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Willmot is the bigger suburb, with a population of 2,382 against 945, roughly 2.5 times the size of Mount Victoria; a larger suburb usually means a deeper pool of buyers and tenants.

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