Corrimal vs Moonee Beach

The median house price is $1.3M in Corrimal and $1.3M in Moonee Beach, so Corrimal is the cheaper entry point.

On cash flow, Moonee Beach leads: houses there return a gross rental yield of 3.54%, compared with 3.30% in Corrimal, a gap of 0.24 percentage points.

Over the past year house prices moved +7.6% in Corrimal and +12.5% in Moonee Beach, so recent momentum favours Moonee Beach, although both suburbs recorded growth.

Looking back three years, Corrimal houses are +19.2% and Moonee Beach houses +9.0%, so Corrimal has compounded faster than Moonee Beach over the longer window.

Rental vacancy is 0.7% in Corrimal and 2.0% in Moonee Beach, so landlords in Corrimal face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Corrimal is the bigger suburb, with a population of 6,972 against 2,176, roughly 3.2 times the size of Moonee Beach; a larger suburb usually means a deeper pool of buyers and tenants.

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