Blind Bight vs St Leonards

Houses cost about the same in both suburbs: the median house price is $740K in Blind Bight and $740K in St Leonards.

For units, Blind Bight sits at a median of $795K against $490K in St Leonards, which makes St Leonards 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 3.78% in St Leonards, a gap of 1.32 percentage points.

Over the past year house prices moved +1.7% in Blind Bight and +2.5% in St Leonards, so recent momentum favours St Leonards, although both suburbs recorded growth.

Looking back three years, Blind Bight houses are -8.8% and St Leonards houses -3.0%, so St Leonards has compounded faster than Blind Bight over the longer window.

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

St Leonards is the bigger suburb, with a population of 3,542 against 1,290, roughly 2.7 times the size of Blind Bight; a larger suburb usually means a deeper pool of buyers and tenants.

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