Corio vs Eaglehawk

The median house price is $590K in Corio and $595K in Eaglehawk, so Corio is the cheaper entry point, with Eaglehawk houses about 1% dearer.

For units, Corio sits at a median of $450K against $435K in Eaglehawk, which makes Eaglehawk the more affordable unit market and Corio the pricier one.

On cash flow, Eaglehawk leads: houses there return a gross rental yield of 4.54%, compared with 3.97% in Corio, a gap of 0.57 percentage points.

Over the past year house prices moved +16.3% in Corio and +13.3% in Eaglehawk, so recent momentum favours Corio, although both suburbs recorded growth.

Looking back three years, Corio houses are +20.1% and Eaglehawk houses +22.7%, so Eaglehawk has compounded faster than Corio over the longer window.

Rental vacancy is 0.3% in Eaglehawk and 1.3% in Corio, so landlords in Eaglehawk face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Corio is the bigger suburb, with a population of 15,497 against 5,538, roughly 2.8 times the size of Eaglehawk; a larger suburb usually means a deeper pool of buyers and tenants.

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