Myrniong vs Spotswood

The median house price is $1.2M in Myrniong and $1.1M in Spotswood, so Spotswood is the cheaper entry point, with Myrniong houses about 1% dearer.

For units, Myrniong sits at a median of $300K against $765K in Spotswood, which makes Myrniong the more affordable unit market and Spotswood the pricier one.

On cash flow, Spotswood leads: houses there return a gross rental yield of 3.29%, compared with 1.63% in Myrniong, a gap of 1.66 percentage points.

Over the past year house prices moved +4.7% in Myrniong and -6.1% in Spotswood, so recent momentum favours Myrniong, while Spotswood went backwards.

Rental vacancy is 3.6% in Spotswood and 9.9% in Myrniong, so landlords in Spotswood face less competition for tenants.

Spotswood is the bigger suburb, with a population of 2,820 against 387, roughly 7 times the size of Myrniong; a larger suburb usually means a deeper pool of buyers and tenants.

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