Boat Harbour vs Voyager Point

The median house price is $1.7M in Boat Harbour and $1.7M in Voyager Point, so Boat Harbour is the cheaper entry point, with Voyager Point houses about 1% dearer.

On cash flow, Voyager Point leads: houses there return a gross rental yield of 3.40%, compared with 2.51% in Boat Harbour, a gap of 0.89 percentage points.

Over the past year house prices moved +7.7% in Boat Harbour (an estimate) and +8.3% in Voyager Point (an estimate), so recent momentum favours Voyager Point, although both suburbs recorded growth.

Rental vacancy is 0.8% in Voyager Point and 1.9% in Boat Harbour, so landlords in Voyager Point face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Voyager Point is the bigger suburb, with a population of 1,678 against 993, larger than Boat Harbour; a larger suburb usually means a deeper pool of buyers and tenants.

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