Avoca Beach vs Peakhurst

Houses cost about the same in both suburbs: the median house price is $1.7M in Avoca Beach and $1.7M in Peakhurst.

For units, Avoca Beach sits at a median of $1.5M against $835K in Peakhurst, which makes Peakhurst the more affordable unit market and Avoca Beach the pricier one.

On cash flow, Avoca Beach leads: houses there return a gross rental yield of 2.72%, compared with 2.66% in Peakhurst, a gap of 0.06 percentage points.

Over the past year house prices moved -3.5% in Avoca Beach and +3.4% in Peakhurst (an estimate), so recent momentum favours Peakhurst, while Avoca Beach went backwards.

Rental vacancy is 1.0% in Peakhurst and 3.1% in Avoca Beach, so landlords in Peakhurst face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Peakhurst is the bigger suburb, with a population of 12,079 against 4,708, roughly 2.6 times the size of Avoca Beach; a larger suburb usually means a deeper pool of buyers and tenants.

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