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Firle vs Waterloo Corner

Property investment comparison - Firle, SA 5070 vs Waterloo Corner, SA 5110

Head-to-head across core investment metrics: Firle wins 4, Waterloo Corner wins 1. 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.

MetricFirleWaterloo Corner
Median house price$1.3M$1.4M
Median unit price$650K$600K
Gross rental yield (houses)2.79%2.23%
Gross rental yield (units)4.15%4.08%
1-year house growth-+5.2%
3-year house growth-+41.7%
Vacancy rate0.6%1.1%
Population1,5081,103

Firle vs Waterloo Corner: what the numbers say

The median house price is $1.3M in Firle and $1.4M in Waterloo Corner, so Firle is the cheaper entry point, with Waterloo Corner houses about 7% dearer.

For units, Firle sits at a median of $650K against $600K in Waterloo Corner, which makes Waterloo Corner the more affordable unit market and Firle the pricier one.

On cash flow, Firle leads: houses there return a gross rental yield of 2.79%, compared with 2.23% in Waterloo Corner, a gap of 0.56 percentage points.

Rental vacancy is 0.6% in Firle and 1.1% in Waterloo Corner, so landlords in Firle face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Firle is the bigger suburb, with a population of 1,508 against 1,103, larger than Waterloo Corner; a larger suburb usually means a deeper pool of buyers and tenants.

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

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