Gailes vs Torquay

Houses cost about the same in both suburbs: the median house price is $780K in Gailes and $780K in Torquay.

On cash flow, Torquay leads: houses there return a gross rental yield of 4.11%, compared with 3.60% in Gailes, a gap of 0.51 percentage points.

Over the past year house prices moved +23.8% in Gailes and +15.0% in Torquay, so recent momentum favours Gailes, although both suburbs recorded growth.

Looking back three years, Gailes houses are +67.1% and Torquay houses +34.0%, so Gailes has compounded faster than Torquay over the longer window.

Rental vacancy is 0.7% in Gailes and 2.0% in Torquay, so landlords in Gailes face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Torquay is the bigger suburb, with a population of 6,533 against 1,831, roughly 3.6 times the size of Gailes; a larger suburb usually means a deeper pool of buyers and tenants.

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