Claremont Meadows vs Mullumbimby

Houses cost about the same in both suburbs: the median house price is $1.2M in Claremont Meadows and $1.2M in Mullumbimby.

For units, Claremont Meadows sits at a median of $900K against $890K in Mullumbimby, which makes Mullumbimby the more affordable unit market and Claremont Meadows the pricier one.

On cash flow, Mullumbimby leads: houses there return a gross rental yield of 4.24%, compared with 2.99% in Claremont Meadows, a gap of 1.25 percentage points.

Over the past year house prices moved +3.2% in Claremont Meadows and +1.3% in Mullumbimby (an estimate), so recent momentum favours Claremont Meadows, although both suburbs recorded growth.

Looking back three years, Claremont Meadows houses are +17.5% and Mullumbimby houses -33.3%, so Claremont Meadows has compounded faster than Mullumbimby over the longer window.

Rental vacancy is 0.6% in Mullumbimby and 2.2% in Claremont Meadows, so landlords in Mullumbimby face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Claremont Meadows is the bigger suburb, with a population of 5,177 against 4,180, larger than Mullumbimby; a larger suburb usually means a deeper pool of buyers and tenants.

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