Cygnet vs Spreyton

The median house price is $760K in Cygnet and $755K in Spreyton, so Spreyton is the cheaper entry point, with Cygnet houses about 1% dearer.

On cash flow, Spreyton leads: houses there return a gross rental yield of 3.99%, compared with 3.39% in Cygnet, a gap of 0.60 percentage points.

Over the past year house prices moved +7.9% in Cygnet and +11.8% in Spreyton, so recent momentum favours Spreyton, although both suburbs recorded growth.

Looking back three years, Cygnet houses are -5.0% and Spreyton houses +25.8%, so Spreyton has compounded faster than Cygnet over the longer window.

Rental vacancy is 0.4% in Spreyton and 0.8% in Cygnet, so landlords in Spreyton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Spreyton is the bigger suburb, with a population of 1,876 against 1,742, larger than Cygnet; a larger suburb usually means a deeper pool of buyers and tenants.

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