Condon vs Wulguru

The median house price is $620K in Condon and $625K in Wulguru, so Condon is the cheaper entry point, with Wulguru houses about 1% dearer.

For units, Condon sits at a median of $460K against $475K in Wulguru, which makes Condon the more affordable unit market and Wulguru the pricier one.

Gross rental yield on houses is effectively level, at 4.74% in Condon and 4.77% in Wulguru, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +16.8% in Condon and +15.9% in Wulguru, so recent momentum favours Condon, although both suburbs recorded growth.

Looking back three years, Condon houses are +88.4% and Wulguru houses +66.4%, so Condon has compounded faster than Wulguru over the longer window.

Rental vacancy is 1.0% in Condon and 2.1% in Wulguru, so landlords in Condon 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 4,389, larger than Wulguru; a larger suburb usually means a deeper pool of buyers and tenants.

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