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Binningup vs Pinjarra

Property investment comparison - Binningup, WA 6233 vs Pinjarra, WA 6208

Head-to-head across core investment metrics: Binningup wins 4, Pinjarra wins 0. 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.

MetricBinningupPinjarra
Median house price$700K$700K
Median unit price$85K-
Gross rental yield (houses)5.01%4.26%
Gross rental yield (units)4.82%3.20%
1-year house growth+24.1%estimate+22.6%
3-year house growth-+68.9%
Vacancy rate1.2%2.2%
Population1,2964,914

Binningup vs Pinjarra: what the numbers say

Houses cost about the same in both suburbs: the median house price is $700K in Binningup and $700K in Pinjarra.

On cash flow, Binningup leads: houses there return a gross rental yield of 5.01%, compared with 4.26% in Pinjarra, a gap of 0.75 percentage points.

Over the past year house prices moved +24.1% in Binningup (an estimate) and +22.6% in Pinjarra, so recent momentum favours Binningup, although both suburbs recorded growth.

Rental vacancy is 1.2% in Binningup and 2.2% in Pinjarra, so landlords in Binningup face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Pinjarra is the bigger suburb, with a population of 4,914 against 1,296, roughly 3.8 times the size of Binningup; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Binningup for rental income, Binningup for recent price momentum, Binningup 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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Binningup vs Pinjarra: Property Investment Comparison (2026)