Bundamba vs Greenmount

The median house price is $805K in Bundamba and $810K in Greenmount, so Bundamba is the cheaper entry point, with Greenmount houses about 1% dearer.

For units, Bundamba sits at a median of $655K against $670K in Greenmount, which makes Bundamba the more affordable unit market and Greenmount the pricier one.

On cash flow, Bundamba leads: houses there return a gross rental yield of 3.80%, compared with 2.71% in Greenmount, a gap of 1.09 percentage points.

Over the past year house prices moved +22.0% in Bundamba and +8.6% in Greenmount (an estimate), so recent momentum favours Bundamba, although both suburbs recorded growth.

Rental vacancy is 1.5% in Bundamba and 2.8% in Greenmount, so landlords in Bundamba face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Bundamba is the bigger suburb, with a population of 6,542 against 488, roughly 13 times the size of Greenmount; a larger suburb usually means a deeper pool of buyers and tenants.

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