Cranbrook vs Wulguru

Houses cost about the same in both suburbs: the median house price is $625K in Cranbrook and $625K in Wulguru.

For units, Cranbrook sits at a median of $380K against $475K in Wulguru, which makes Cranbrook the more affordable unit market and Wulguru the pricier one.

Gross rental yield on houses is effectively level, at 4.76% in Cranbrook and 4.77% in Wulguru, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +16.6% in Cranbrook and +15.9% in Wulguru, so recent momentum favours Cranbrook, although both suburbs recorded growth.

Looking back three years, Cranbrook houses are +82.4% and Wulguru houses +66.4%, so Cranbrook has compounded faster than Wulguru over the longer window.

Rental vacancy is 0.5% in Cranbrook and 2.1% in Wulguru, so landlords in Cranbrook face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Cranbrook is the bigger suburb, with a population of 5,844 against 4,389, larger than Wulguru; a larger suburb usually means a deeper pool of buyers and tenants.

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