Captain Creek vs Pacific Haven

The median house price is $670K in Captain Creek and $665K in Pacific Haven, so Pacific Haven is the cheaper entry point, with Captain Creek houses about 1% dearer.

For units, Captain Creek sits at a median of $640K against $555K in Pacific Haven, which makes Pacific Haven the more affordable unit market and Captain Creek the pricier one.

On cash flow, Captain Creek leads: houses there return a gross rental yield of 5.59%, compared with 4.54% in Pacific Haven, a gap of 1.05 percentage points.

Over the past year house prices moved +15.6% in Captain Creek (an estimate) and +2.7% in Pacific Haven (an estimate), so recent momentum favours Captain Creek, although both suburbs recorded growth.

Rental vacancy is 3.6% in Pacific Haven and 6.7% in Captain Creek, so landlords in Pacific Haven face less competition for tenants.

Pacific Haven is the bigger suburb, with a population of 778 against 452, larger than Captain Creek; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Captain Creek for rental income, Pacific Haven for a lower purchase price, Captain Creek for recent price momentum, Pacific Haven for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.