Caloundra West vs Kulangoor

Houses cost about the same in both suburbs: the median house price is $1.0M in Caloundra West and $1.0M in Kulangoor.

For units, Caloundra West sits at a median of $780K against $230K in Kulangoor, which makes Kulangoor the more affordable unit market and Caloundra West the pricier one.

On cash flow, Caloundra West leads: houses there return a gross rental yield of 3.98%, compared with 3.41% in Kulangoor, a gap of 0.57 percentage points.

Over the past year house prices moved +17.5% in Caloundra West and +3.0% in Kulangoor, so recent momentum favours Caloundra West, although both suburbs recorded growth.

Looking back three years, Caloundra West houses are +34.2% and Kulangoor houses +40.9%, so Kulangoor has compounded faster than Caloundra West over the longer window.

Rental vacancy is 1.0% in Caloundra West and 2.7% in Kulangoor, so landlords in Caloundra West face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Caloundra West is the bigger suburb, with a population of 7,270 against 455, roughly 16 times the size of Kulangoor; a larger suburb usually means a deeper pool of buyers and tenants.

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