North Richmond vs Vincentia

Houses cost about the same in both suburbs: the median house price is $1.3M in North Richmond and $1.3M in Vincentia.

For units, North Richmond sits at a median of $770K against $795K in Vincentia, which makes North Richmond the more affordable unit market and Vincentia the pricier one.

On cash flow, North Richmond leads: houses there return a gross rental yield of 3.00%, compared with 2.58% in Vincentia, a gap of 0.42 percentage points.

Over the past year house prices moved +13.5% in North Richmond and +3.7% in Vincentia, so recent momentum favours North Richmond, although both suburbs recorded growth.

Looking back three years, North Richmond houses are +25.3% and Vincentia houses +4.0%, so North Richmond has compounded faster than Vincentia over the longer window.

Rental vacancy is 1.0% in North Richmond and 1.5% in Vincentia, so landlords in North Richmond face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

North Richmond is the bigger suburb, with a population of 6,358 against 3,870, larger than Vincentia; a larger suburb usually means a deeper pool of buyers and tenants.

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