Bonnells Bay vs Yerrinbool

Houses cost about the same in both suburbs: the median house price is $920K in Bonnells Bay and $920K in Yerrinbool.

On cash flow, Bonnells Bay leads: houses there return a gross rental yield of 3.80%, compared with 3.69% in Yerrinbool, a gap of 0.11 percentage points.

Over the past year house prices moved +7.2% in Bonnells Bay and +2.1% in Yerrinbool, so recent momentum favours Bonnells Bay, although both suburbs recorded growth.

Looking back three years, Bonnells Bay houses are +14.6% and Yerrinbool houses +18.1%, so Yerrinbool has compounded faster than Bonnells Bay over the longer window.

Rental vacancy is 1.6% in Bonnells Bay and 3.5% in Yerrinbool, so landlords in Bonnells Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Bonnells Bay is the bigger suburb, with a population of 4,066 against 1,196, roughly 3.4 times the size of Yerrinbool; a larger suburb usually means a deeper pool of buyers and tenants.

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