Currimundi vs Highland Park

Houses cost about the same in both suburbs: the median house price is $1.2M in Currimundi and $1.2M in Highland Park.

On cash flow, Highland Park leads: houses there return a gross rental yield of 4.06%, compared with 3.44% in Currimundi, a gap of 0.62 percentage points.

Over the past year house prices moved +18.2% in Currimundi and +14.5% in Highland Park, so recent momentum favours Currimundi, although both suburbs recorded growth.

Looking back three years, Currimundi houses are +40.7% and Highland Park houses +48.1%, so Highland Park has compounded faster than Currimundi over the longer window.

Rental vacancy is 1.3% in Highland Park and 1.5% in Currimundi, so landlords in Highland Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Highland Park is the bigger suburb, with a population of 6,576 against 6,570, larger than Currimundi; a larger suburb usually means a deeper pool of buyers and tenants.

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