One Mile vs Wilsonton Heights

Houses cost about the same in both suburbs: the median house price is $730K in One Mile and $730K in Wilsonton Heights.

On cash flow, Wilsonton Heights leads: houses there return a gross rental yield of 4.00%, compared with 3.71% in One Mile, a gap of 0.29 percentage points.

Over the past year house prices moved +17.8% in One Mile and +21.7% in Wilsonton Heights, so recent momentum favours Wilsonton Heights, although both suburbs recorded growth.

Looking back three years, One Mile houses are +67.3% and Wilsonton Heights houses +73.1%, so Wilsonton Heights has compounded faster than One Mile over the longer window.

Rental vacancy is 0.3% in One Mile and 0.9% in Wilsonton Heights, so landlords in One Mile face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wilsonton Heights is the bigger suburb, with a population of 2,747 against 2,038, larger than One Mile; a larger suburb usually means a deeper pool of buyers and tenants.

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