Nunawading vs Oakleigh East

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

For units, Nunawading sits at a median of $810K against $890K in Oakleigh East, which makes Nunawading 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 Nunawading, a gap of 0.28 percentage points.

Over the past year house prices moved +0.8% in Nunawading (an estimate) and +0.9% in Oakleigh East, so recent momentum favours Oakleigh East, although both suburbs recorded growth.

Rental vacancy is 1.0% in Nunawading and 2.0% in Oakleigh East, so landlords in Nunawading face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Nunawading is the bigger suburb, with a population of 12,413 against 6,804, larger than Oakleigh East; a larger suburb usually means a deeper pool of buyers and tenants.

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