Canley Heights vs Mount Pleasant

Houses cost about the same in both suburbs: the median house price is $1.4M in Canley Heights and $1.4M in Mount Pleasant.

For units, Canley Heights sits at a median of $730K against $785K in Mount Pleasant, which makes Canley Heights the more affordable unit market and Mount Pleasant the pricier one.

On cash flow, Mount Pleasant leads: houses there return a gross rental yield of 3.72%, compared with 2.79% in Canley Heights, a gap of 0.93 percentage points.

Over the past year house prices moved +8.2% in Canley Heights (an estimate) and +4.3% in Mount Pleasant (an estimate), so recent momentum favours Canley Heights, although both suburbs recorded growth.

Rental vacancy is 1.4% in Canley Heights and 6.5% in Mount Pleasant, so landlords in Canley Heights face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Canley Heights is the bigger suburb, with a population of 12,320 against 1,397, roughly 9 times the size of Mount Pleasant; a larger suburb usually means a deeper pool of buyers and tenants.

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