Blue Haven vs Charmhaven

Houses cost about the same in both suburbs: the median house price is $850K in Blue Haven and $850K in Charmhaven.

On cash flow, Blue Haven leads: houses there return a gross rental yield of 4.02%, compared with 3.90% in Charmhaven, a gap of 0.12 percentage points.

Over the past year house prices moved +8.9% in Blue Haven and +9.6% in Charmhaven, so recent momentum favours Charmhaven, although both suburbs recorded growth.

Looking back three years, Blue Haven houses are +19.1% and Charmhaven houses +23.5%, so Charmhaven has compounded faster than Blue Haven over the longer window.

Rental vacancy is 1.8% in Blue Haven and 2.9% in Charmhaven, so landlords in Blue Haven face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Blue Haven is the bigger suburb, with a population of 6,563 against 2,501, roughly 2.6 times the size of Charmhaven; a larger suburb usually means a deeper pool of buyers and tenants.

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