Allawah vs East Corrimal

Houses cost about the same in both suburbs: the median house price is $1.9M in Allawah and $1.9M in East Corrimal.

For units, Allawah sits at a median of $840K against $800K in East Corrimal, which makes East Corrimal the more affordable unit market and Allawah the pricier one.

Gross rental yield on houses is effectively level, at 2.45% in Allawah and 2.49% in East Corrimal, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved -2.9% in Allawah (an estimate) and +8.9% in East Corrimal, so recent momentum favours East Corrimal, while Allawah went backwards.

Rental vacancy is 0.7% in East Corrimal and 1.5% in Allawah, so landlords in East Corrimal face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Allawah is the bigger suburb, with a population of 5,351 against 3,432, larger than East Corrimal; a larger suburb usually means a deeper pool of buyers and tenants.

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