Clarence Point vs Legana

Houses cost about the same in both suburbs: the median house price is $815K in Clarence Point and $815K in Legana.

For units, Clarence Point sits at a median of $525K against $560K in Legana, which makes Clarence Point the more affordable unit market and Legana the pricier one.

On cash flow, Legana leads: houses there return a gross rental yield of 4.30%, compared with 2.49% in Clarence Point, a gap of 1.81 percentage points.

Over the past year house prices moved +12.7% in Clarence Point and +11.0% in Legana, so recent momentum favours Clarence Point, although both suburbs recorded growth.

Rental vacancy is 1.5% in Legana and 5.4% in Clarence Point, so landlords in Legana face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Legana is the bigger suburb, with a population of 4,719 against 266, roughly 18 times the size of Clarence Point; a larger suburb usually means a deeper pool of buyers and tenants.

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