Pacific Haven vs Pimlico

The median house price is $665K in Pacific Haven and $660K in Pimlico, so Pimlico is the cheaper entry point, with Pacific Haven houses about 1% dearer.

For units, Pacific Haven sits at a median of $555K against $400K in Pimlico, which makes Pimlico the more affordable unit market and Pacific Haven the pricier one.

Gross rental yield on houses is effectively level, at 4.54% in Pacific Haven and 4.52% in Pimlico, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +2.7% in Pacific Haven (an estimate) and +16.0% in Pimlico, so recent momentum favours Pimlico, although both suburbs recorded growth.

Rental vacancy is 1.1% in Pimlico and 3.6% in Pacific Haven, so landlords in Pimlico face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Pimlico is the bigger suburb, with a population of 2,557 against 778, roughly 3.3 times the size of Pacific Haven; a larger suburb usually means a deeper pool of buyers and tenants.

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