East Bunbury vs Wandina

The median house price is $710K in East Bunbury and $715K in Wandina, so East Bunbury is the cheaper entry point, with Wandina houses about 1% dearer.

On cash flow, Wandina leads: houses there return a gross rental yield of 5.05%, compared with 4.60% in East Bunbury, a gap of 0.45 percentage points.

Over the past year house prices moved +18.5% in East Bunbury and +16.3% in Wandina, so recent momentum favours East Bunbury, although both suburbs recorded growth.

Looking back three years, East Bunbury houses are +79.7% and Wandina houses +51.5%, so East Bunbury has compounded faster than Wandina over the longer window.

Rental vacancy is 0.8% in East Bunbury and 1.2% in Wandina, so landlords in East Bunbury face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wandina is the bigger suburb, with a population of 4,375 against 4,019, larger than East Bunbury; a larger suburb usually means a deeper pool of buyers and tenants.

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