Notting Hill vs Oakleigh East

The median house price is $1.2M in Notting Hill and $1.2M in Oakleigh East, so Notting Hill is the cheaper entry point.

For units, Notting Hill sits at a median of $435K against $890K in Oakleigh East, which makes Notting Hill the more affordable unit market and Oakleigh East the pricier one.

On cash flow, Oakleigh East leads: houses there return a gross rental yield of 3.10%, compared with 2.82% in Notting Hill, a gap of 0.28 percentage points.

Over the past year house prices moved +0.7% in Notting Hill and +0.9% in Oakleigh East, so recent momentum favours Oakleigh East, although both suburbs recorded growth.

Looking back three years, Notting Hill houses are +8.5% and Oakleigh East houses +4.8%, so Notting Hill has compounded faster than Oakleigh East over the longer window.

Rental vacancy is 1.9% in Notting Hill and 2.0% in Oakleigh East, so landlords in Notting Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Oakleigh East is the bigger suburb, with a population of 6,804 against 2,895, roughly 2.4 times the size of Notting Hill; a larger suburb usually means a deeper pool of buyers and tenants.

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