Redridge vs Southside

Houses cost about the same in both suburbs: the median house price is $800K in Redridge and $800K in Southside.

Gross rental yield on houses is effectively level, at 4.08% in Redridge and 4.05% in Southside, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +15.6% in Redridge and +13.8% in Southside, so recent momentum favours Redridge, although both suburbs recorded growth.

Looking back three years, Redridge houses are +44.1% and Southside houses +34.5%, so Redridge has compounded faster than Southside over the longer window.

Rental vacancy is 1.4% in Southside and 3.4% in Redridge, so landlords in Southside face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Southside is the bigger suburb, with a population of 6,312 against 711, roughly 9 times the size of Redridge; a larger suburb usually means a deeper pool of buyers and tenants.

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