Coal Point vs McGraths Hill

The median house price is $1.2M in Coal Point and $1.2M in McGraths Hill, so Coal Point is the cheaper entry point.

On cash flow, McGraths Hill leads: houses there return a gross rental yield of 3.50%, compared with 2.90% in Coal Point, a gap of 0.60 percentage points.

Over the past year house prices moved +5.1% in Coal Point and +11.3% in McGraths Hill, so recent momentum favours McGraths Hill, although both suburbs recorded growth.

Looking back three years, Coal Point houses are +15.3% and McGraths Hill houses +16.6%, so McGraths Hill has compounded faster than Coal Point over the longer window.

Rental vacancy is 1.4% in McGraths Hill and 2.1% in Coal Point, so landlords in McGraths Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

McGraths Hill is the bigger suburb, with a population of 2,537 against 1,749, larger than Coal Point; a larger suburb usually means a deeper pool of buyers and tenants.

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