Blind Bight vs McKenzie Hill

The median house price is $740K in Blind Bight and $745K in McKenzie Hill, so Blind Bight is the cheaper entry point, with McKenzie Hill houses about 1% dearer.

For units, Blind Bight sits at a median of $795K against $510K in McKenzie Hill, which makes McKenzie Hill the more affordable unit market and Blind Bight the pricier one.

On cash flow, Blind Bight leads: houses there return a gross rental yield of 5.10%, compared with 3.58% in McKenzie Hill, a gap of 1.52 percentage points.

Over the past year house prices moved +1.7% in Blind Bight and -1.9% in McKenzie Hill (an estimate), so recent momentum favours Blind Bight, while McKenzie Hill went backwards.

Rental vacancy is 1.9% in Blind Bight and 3.5% in McKenzie Hill, so landlords in Blind Bight face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Blind Bight is the bigger suburb, with a population of 1,290 against 775, larger than McKenzie Hill; a larger suburb usually means a deeper pool of buyers and tenants.

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