Coolbellup vs Vasse

The median house price is $950K in Coolbellup and $945K in Vasse, so Vasse is the cheaper entry point, with Coolbellup houses about 1% dearer.

For units, Coolbellup sits at a median of $635K against $990K in Vasse, which makes Coolbellup the more affordable unit market and Vasse the pricier one.

On cash flow, Vasse leads: houses there return a gross rental yield of 4.70%, compared with 3.75% in Coolbellup, a gap of 0.95 percentage points.

Over the past year house prices moved +17.8% in Coolbellup (an estimate) and +18.6% in Vasse, so recent momentum favours Vasse, although both suburbs recorded growth.

Rental vacancy is 0.9% in Coolbellup and 1.1% in Vasse, so landlords in Coolbellup face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Coolbellup is the bigger suburb, with a population of 5,698 against 2,853, larger than Vasse; a larger suburb usually means a deeper pool of buyers and tenants.

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