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Alkimos vs Wannanup

Property investment comparison - Alkimos, WA 6038 vs Wannanup, WA 6210

Head-to-head across core investment metrics: Alkimos wins 2, Wannanup wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricAlkimosWannanup
Median house price$850K-
Median unit price-$1M
Gross rental yield (houses)4.30%3.60%
Gross rental yield (units)5.18%3.76%
1-year house growth+18.2%-
3-year house growth+72.9%-
Vacancy rate2.0%1.4%
Population10,2034,142

Alkimos vs Wannanup: what the numbers say

On cash flow, Alkimos leads: houses there return a gross rental yield of 4.30%, compared with 3.60% in Wannanup, a gap of 0.70 percentage points.

Rental vacancy is 1.4% in Wannanup and 2.0% in Alkimos, so landlords in Wannanup face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Alkimos is the bigger suburb, with a population of 10,203 against 4,142, roughly 2.5 times the size of Wannanup; a larger suburb usually means a deeper pool of buyers and tenants.

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

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