Currajong vs Kawana

Houses cost about the same in both suburbs: the median house price is $650K in Currajong and $650K in Kawana.

On cash flow, Kawana leads: houses there return a gross rental yield of 4.76%, compared with 4.70% in Currajong, a gap of 0.06 percentage points.

Over the past year house prices moved +19.4% in Currajong and +17.9% in Kawana, so recent momentum favours Currajong, although both suburbs recorded growth.

Looking back three years, Currajong houses are +74.3% and Kawana houses +76.9%, so Kawana has compounded faster than Currajong over the longer window.

Rental vacancy is 0.7% in Kawana and 1.8% in Currajong, so landlords in Kawana face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Kawana is the bigger suburb, with a population of 4,434 against 2,490, larger than Currajong; a larger suburb usually means a deeper pool of buyers and tenants.

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