Coraki vs West Tamworth

The median house price is $510K in Coraki and $500K in West Tamworth, so West Tamworth is the cheaper entry point, with Coraki houses about 2% dearer.

For units, Coraki sits at a median of $450K against $360K in West Tamworth, which makes West Tamworth the more affordable unit market and Coraki the pricier one.

On cash flow, Coraki leads: houses there return a gross rental yield of 5.67%, compared with 4.69% in West Tamworth, a gap of 0.98 percentage points.

Over the past year house prices moved +19.0% in Coraki (an estimate) and +15.5% in West Tamworth, so recent momentum favours Coraki, although both suburbs recorded growth.

Rental vacancy is 0.8% in Coraki and 1.0% in West Tamworth, so landlords in Coraki face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

West Tamworth is the bigger suburb, with a population of 5,471 against 1,373, roughly 4.0 times the size of Coraki; a larger suburb usually means a deeper pool of buyers and tenants.

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