Cannonvale vs Collingwood Park

Houses cost about the same in both suburbs: the median house price is $900K in Cannonvale and $900K in Collingwood Park.

On cash flow, Cannonvale leads: houses there return a gross rental yield of 4.70%, compared with 3.80% in Collingwood Park, a gap of 0.90 percentage points.

Over the past year house prices moved +11.5% in Cannonvale and +19.2% in Collingwood Park, so recent momentum favours Collingwood Park, although both suburbs recorded growth.

Looking back three years, Cannonvale houses are +33.7% and Collingwood Park houses +55.9%, so Collingwood Park has compounded faster than Cannonvale over the longer window.

Rental vacancy is 1.9% in Cannonvale and 2.1% in Collingwood Park, so landlords in Cannonvale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Collingwood Park is the bigger suburb, with a population of 9,246 against 6,596, larger than Cannonvale; a larger suburb usually means a deeper pool of buyers and tenants.

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