Coodanup vs East Bunbury

The median house price is $700K in Coodanup and $710K in East Bunbury, so Coodanup is the cheaper entry point, with East Bunbury houses about 1% dearer.

On cash flow, East Bunbury leads: houses there return a gross rental yield of 4.60%, compared with 4.51% in Coodanup, a gap of 0.09 percentage points.

Over the past year house prices moved +16.7% in Coodanup and +18.5% in East Bunbury, so recent momentum favours East Bunbury, although both suburbs recorded growth.

Looking back three years, Coodanup houses are +76.7% and East Bunbury houses +79.7%, so East Bunbury has compounded faster than Coodanup over the longer window.

Rental vacancy is 0.8% in East Bunbury and 1.4% in Coodanup, so landlords in East Bunbury face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Coodanup is the bigger suburb, with a population of 4,366 against 4,019, larger than East Bunbury; a larger suburb usually means a deeper pool of buyers and tenants.

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