Callemondah vs Depot Hill

The median house price is $410K in Callemondah and $395K in Depot Hill, so Depot Hill is the cheaper entry point, with Callemondah houses about 4% dearer.

For units, Callemondah sits at a median of $310K against $520K in Depot Hill, which makes Callemondah the more affordable unit market and Depot Hill the pricier one.

On cash flow, Callemondah leads: houses there return a gross rental yield of 6.93%, compared with 5.21% in Depot Hill, a gap of 1.72 percentage points.

Over the past year house prices moved +15.8% in Callemondah (an estimate) and +21.7% in Depot Hill, so recent momentum favours Depot Hill, although both suburbs recorded growth.

Rental vacancy is 0.9% in Depot Hill and 2.0% in Callemondah, so landlords in Depot Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Depot Hill is the bigger suburb, with a population of 995 against 30, roughly 33 times the size of Callemondah; a larger suburb usually means a deeper pool of buyers and tenants.

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