Cowaramup vs Kardinya

The median house price is $1.2M in Cowaramup and $1.3M in Kardinya, so Cowaramup is the cheaper entry point, with Kardinya houses about 1% dearer.

On cash flow, Cowaramup leads: houses there return a gross rental yield of 3.40%, compared with 3.26% in Kardinya, a gap of 0.14 percentage points.

Over the past year house prices moved +18.6% in Cowaramup and +22.0% in Kardinya, so recent momentum favours Kardinya, although both suburbs recorded growth.

Looking back three years, Cowaramup houses are +43.6% and Kardinya houses +69.5%, so Kardinya has compounded faster than Cowaramup over the longer window.

Rental vacancy is 1.2% in Kardinya and 2.2% in Cowaramup, so landlords in Kardinya face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kardinya is the bigger suburb, with a population of 9,137 against 2,482, roughly 3.7 times the size of Cowaramup; a larger suburb usually means a deeper pool of buyers and tenants.

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