Bonnet Bay vs Picnic Point

The median house price is $1.8M in Bonnet Bay and $1.8M in Picnic Point, so Picnic Point is the cheaper entry point.

For units, Bonnet Bay sits at a median of $825K against $1.3M in Picnic Point, which makes Bonnet Bay the more affordable unit market and Picnic Point the pricier one.

On cash flow, Bonnet Bay leads: houses there return a gross rental yield of 3.06%, compared with 2.90% in Picnic Point, a gap of 0.16 percentage points.

Over the past year house prices moved +3.9% in Bonnet Bay and +7.6% in Picnic Point, so recent momentum favours Picnic Point, although both suburbs recorded growth.

Looking back three years, Bonnet Bay houses are +10.7% and Picnic Point houses +10.5%, so Bonnet Bay has compounded faster than Picnic Point over the longer window.

Rental vacancy is 2.3% in Picnic Point and 2.4% in Bonnet Bay, so landlords in Picnic Point face less competition for tenants.

Picnic Point is the bigger suburb, with a population of 6,413 against 2,238, roughly 2.9 times the size of Bonnet Bay; a larger suburb usually means a deeper pool of buyers and tenants.

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