Caloundra West vs Heritage Park

The median house price is $1.0M in Caloundra West and $1.0M in Heritage Park, so Caloundra West is the cheaper entry point.

For units, Caloundra West sits at a median of $780K against $810K in Heritage Park, which makes Caloundra West the more affordable unit market and Heritage Park the pricier one.

On cash flow, Caloundra West leads: houses there return a gross rental yield of 3.98%, compared with 3.80% in Heritage Park, a gap of 0.18 percentage points.

Over the past year house prices moved +17.5% in Caloundra West and +16.8% in Heritage Park, so recent momentum favours Caloundra West, although both suburbs recorded growth.

Looking back three years, Caloundra West houses are +34.2% and Heritage Park houses +38.9%, so Heritage Park has compounded faster than Caloundra West over the longer window.

Rental vacancy is the same in both, at 1.0%.

Caloundra West is the bigger suburb, with a population of 7,270 against 4,930, larger than Heritage Park; a larger suburb usually means a deeper pool of buyers and tenants.

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