Edgewater vs Noranda
Property investment comparison - Edgewater, WA 6027 vs Noranda, WA 6062
Head-to-head across core investment metrics: Edgewater wins 1, Noranda wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Edgewater | Noranda |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | - | $675K |
| Gross rental yield (houses) | 3.55% | 3.80% |
| Gross rental yield (units) | 4.16% | 4.93% |
| 1-year house growth | - | - |
| 3-year house growth | - | +70.9% |
| Vacancy rate | 0.6% | 0.8% |
| Population | 4,657 | 8,002 |
Edgewater vs Noranda: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.2M in Edgewater and $1.2M in Noranda.
On cash flow, Noranda leads: houses there return a gross rental yield of 3.80%, compared with 3.55% in Edgewater, a gap of 0.25 percentage points.
Rental vacancy is 0.6% in Edgewater and 0.8% in Noranda, so landlords in Edgewater face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Noranda is the bigger suburb, with a population of 8,002 against 4,657, larger than Edgewater; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Noranda for rental income, Edgewater for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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