Redlynch vs Waterford

Houses cost about the same in both suburbs: the median house price is $920K in Redlynch and $920K in Waterford.

For units, Redlynch sits at a median of $545K against $650K in Waterford, which makes Redlynch the more affordable unit market and Waterford the pricier one.

On cash flow, Redlynch leads: houses there return a gross rental yield of 4.51%, compared with 3.80% in Waterford, a gap of 0.71 percentage points.

Over the past year house prices moved +16.9% in Redlynch and +20.0% in Waterford, so recent momentum favours Waterford, although both suburbs recorded growth.

Looking back three years, Redlynch houses are +34.2% and Waterford houses +53.9%, so Waterford has compounded faster than Redlynch over the longer window.

Rental vacancy is 0.3% in Waterford and 1.4% in Redlynch, so landlords in Waterford face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Redlynch is the bigger suburb, with a population of 10,571 against 5,796, larger than Waterford; a larger suburb usually means a deeper pool of buyers and tenants.

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