Parkinson vs Stanmore

Houses cost about the same in both suburbs: the median house price is $1.4M in Parkinson and $1.4M in Stanmore.

For units, Parkinson sits at a median of $815K against $515K in Stanmore, which makes Stanmore the more affordable unit market and Parkinson the pricier one.

On cash flow, Parkinson leads: houses there return a gross rental yield of 3.08%, compared with 1.54% in Stanmore, a gap of 1.54 percentage points.

Over the past year house prices moved +17.1% in Parkinson and +14.6% in Stanmore, so recent momentum favours Parkinson, although both suburbs recorded growth.

Looking back three years, Parkinson houses are +52.2% and Stanmore houses +26.0%, so Parkinson has compounded faster than Stanmore over the longer window.

Rental vacancy is 1.1% in Parkinson and 1.9% in Stanmore, so landlords in Parkinson face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Parkinson is the bigger suburb, with a population of 11,148 against 454, roughly 25 times the size of Stanmore; a larger suburb usually means a deeper pool of buyers and tenants.

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