Selby vs Springvale South

Houses cost about the same in both suburbs: the median house price is $870K in Selby and $870K in Springvale South.

On cash flow, Selby leads: houses there return a gross rental yield of 4.17%, compared with 3.90% in Springvale South, a gap of 0.27 percentage points.

Over the past year house prices moved +2.4% in Selby and +5.5% in Springvale South, so recent momentum favours Springvale South, although both suburbs recorded growth.

Looking back three years, Selby houses are +2.4% and Springvale South houses +7.0%, so Springvale South has compounded faster than Selby over the longer window.

Rental vacancy is 1.3% in Springvale South and 2.3% in Selby, so landlords in Springvale South face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Springvale South is the bigger suburb, with a population of 12,766 against 1,626, roughly 8 times the size of Selby; a larger suburb usually means a deeper pool of buyers and tenants.

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