Condon vs Stanthorpe

The median house price is $620K in Condon and $615K in Stanthorpe, so Stanthorpe is the cheaper entry point, with Condon houses about 1% dearer.

For units, Condon sits at a median of $460K against $490K in Stanthorpe, which makes Condon the more affordable unit market and Stanthorpe the pricier one.

On cash flow, Condon leads: houses there return a gross rental yield of 4.74%, compared with 4.26% in Stanthorpe, a gap of 0.48 percentage points.

Over the past year house prices moved +16.8% in Condon and +17.1% in Stanthorpe, so recent momentum favours Stanthorpe, although both suburbs recorded growth.

Looking back three years, Condon houses are +88.4% and Stanthorpe houses +46.0%, so Condon has compounded faster than Stanthorpe over the longer window.

Rental vacancy is 0.5% in Stanthorpe and 1.0% in Condon, so landlords in Stanthorpe face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Condon is the bigger suburb, with a population of 5,894 against 5,286, larger than Stanthorpe; a larger suburb usually means a deeper pool of buyers and tenants.

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