Cannonvale vs Kewarra Beach

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

On cash flow, Cannonvale leads: houses there return a gross rental yield of 4.70%, compared with 4.50% in Kewarra Beach, a gap of 0.20 percentage points.

Over the past year house prices moved +11.5% in Cannonvale and +12.5% in Kewarra Beach, so recent momentum favours Kewarra Beach, although both suburbs recorded growth.

Looking back three years, Cannonvale houses are +33.7% and Kewarra Beach houses +35.9%, so Kewarra Beach has compounded faster than Cannonvale over the longer window.

Rental vacancy is 1.5% in Kewarra Beach and 1.9% in Cannonvale, so landlords in Kewarra Beach face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Cannonvale is the bigger suburb, with a population of 6,596 against 6,133, larger than Kewarra Beach; a larger suburb usually means a deeper pool of buyers and tenants.

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