Nunawading vs Yarraville

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

For units, Nunawading sits at a median of $810K against $620K in Yarraville, which makes Yarraville the more affordable unit market and Nunawading the pricier one.

On cash flow, Yarraville 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 +0.8% in Yarraville, so recent momentum favours Yarraville, although both suburbs recorded growth.

Rental vacancy is 0.7% in Yarraville and 1.0% in Nunawading, so landlords in Yarraville face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Yarraville is the bigger suburb, with a population of 15,636 against 12,413, larger than Nunawading; a larger suburb usually means a deeper pool of buyers and tenants.

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