Cornubia vs Mundoolun

The median house price is $1.3M in Cornubia and $1.3M in Mundoolun, so Mundoolun is the cheaper entry point.

For units, Cornubia sits at a median of $750K against $2.9M in Mundoolun, which makes Cornubia the more affordable unit market and Mundoolun the pricier one.

On cash flow, Cornubia leads: houses there return a gross rental yield of 3.36%, compared with 2.74% in Mundoolun, a gap of 0.62 percentage points.

Over the past year house prices moved +13.0% in Cornubia and +12.5% in Mundoolun (an estimate), so recent momentum favours Cornubia, although both suburbs recorded growth.

Rental vacancy is 0.7% in Mundoolun and 1.2% in Cornubia, so landlords in Mundoolun face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Cornubia is the bigger suburb, with a population of 7,810 against 1,836, roughly 4.3 times the size of Mundoolun; a larger suburb usually means a deeper pool of buyers and tenants.

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