Bellevue Hill vs South Coogee

The median house price is $4.5M in Bellevue Hill and $4.5M in South Coogee, so South Coogee is the cheaper entry point.

On cash flow, Bellevue Hill leads: houses there return a gross rental yield of 2.68%, compared with 2.13% in South Coogee, a gap of 0.55 percentage points.

Over the past year house prices moved -0.1% in Bellevue Hill and -3.2% in South Coogee, so recent momentum favours Bellevue Hill, while South Coogee went backwards.

Looking back three years, Bellevue Hill houses are +5.8% and South Coogee houses +2.6%, so Bellevue Hill has compounded faster than South Coogee over the longer window.

Rental vacancy is 1.1% in South Coogee and 3.9% in Bellevue Hill, so landlords in South Coogee face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Bellevue Hill is the bigger suburb, with a population of 10,590 against 5,611, larger than South Coogee; a larger suburb usually means a deeper pool of buyers and tenants.

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