Coes Creek vs Freshwater

Houses cost about the same in both suburbs: the median house price is $980K in Coes Creek and $980K in Freshwater.

For units, Coes Creek sits at a median of $805K against $560K in Freshwater, which makes Freshwater the more affordable unit market and Coes Creek the pricier one.

On cash flow, Coes Creek leads: houses there return a gross rental yield of 4.13%, compared with 3.90% in Freshwater, a gap of 0.23 percentage points.

Over the past year house prices moved +14.2% in Coes Creek and +14.6% in Freshwater (an estimate), so recent momentum favours Freshwater, although both suburbs recorded growth.

Rental vacancy is 1.1% in Freshwater and 1.1% in Coes Creek, so landlords in Freshwater face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Freshwater is the bigger suburb, with a population of 2,142 against 1,515, larger than Coes Creek; a larger suburb usually means a deeper pool of buyers and tenants.

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