Blue Bay vs Camperdown

The median house price is $2.2M in Blue Bay and $2.2M in Camperdown, so Camperdown is the cheaper entry point, with Blue Bay houses about 1% dearer.

For units, Blue Bay sits at a median of $1.4M against $930K in Camperdown, which makes Camperdown the more affordable unit market and Blue Bay the pricier one.

On cash flow, Camperdown leads: houses there return a gross rental yield of 2.29%, compared with 1.32% in Blue Bay, a gap of 0.97 percentage points.

Over the past year house prices moved -0.1% in Blue Bay (an estimate) and +4.7% in Camperdown (an estimate), so recent momentum favours Camperdown, while Blue Bay went backwards.

Rental vacancy is 1.3% in Camperdown and 4.5% in Blue Bay, so landlords in Camperdown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Camperdown is the bigger suburb, with a population of 9,381 against 1,060, roughly 9 times the size of Blue Bay; a larger suburb usually means a deeper pool of buyers and tenants.

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