Aberfeldie vs Korumburra South

For units, Aberfeldie sits at a median of $685K against $460K in Korumburra South, which makes Korumburra South the more affordable unit market and Aberfeldie the pricier one.

On cash flow, Korumburra South leads: houses there return a gross rental yield of 2.94%, compared with 1.98% in Aberfeldie, a gap of 0.96 percentage points.

Over the past year house prices moved -0.7% in Aberfeldie (an estimate) and +5.5% in Korumburra South, so recent momentum favours Korumburra South, while Aberfeldie went backwards.

Rental vacancy is 0.4% in Korumburra South and 1.5% in Aberfeldie, so landlords in Korumburra South face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Aberfeldie is the bigger suburb, with a population of 3,925 against 114, roughly 34 times the size of Korumburra South; a larger suburb usually means a deeper pool of buyers and tenants.

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