Bellbowrie vs Cornubia

The median house price is $1.3M in Bellbowrie and $1.3M in Cornubia, so Bellbowrie is the cheaper entry point.

On cash flow, Cornubia leads: houses there return a gross rental yield of 3.36%, compared with 3.26% in Bellbowrie, a gap of 0.10 percentage points.

Over the past year house prices moved +8.4% in Bellbowrie and +13.0% in Cornubia, so recent momentum favours Cornubia, although both suburbs recorded growth.

Looking back three years, Bellbowrie houses are +27.7% and Cornubia houses +41.3%, so Cornubia has compounded faster than Bellbowrie over the longer window.

Rental vacancy is 1.2% in Cornubia and 1.9% in Bellbowrie, so landlords in Cornubia face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Cornubia is the bigger suburb, with a population of 7,810 against 5,495, larger than Bellbowrie; a larger suburb usually means a deeper pool of buyers and tenants.

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