Gymea Bay vs Toowoon Bay

Houses cost about the same in both suburbs: the median house price is $2.2M in Gymea Bay and $2.2M in Toowoon Bay.

For units, Gymea Bay sits at a median of $1.5M against $980K in Toowoon Bay, which makes Toowoon Bay the more affordable unit market and Gymea Bay the pricier one.

On cash flow, Gymea Bay leads: houses there return a gross rental yield of 3.08%, compared with 1.57% in Toowoon Bay, a gap of 1.51 percentage points.

Over the past year house prices moved +5.0% in Gymea Bay and +9.3% in Toowoon Bay (an estimate), so recent momentum favours Toowoon Bay, although both suburbs recorded growth.

Rental vacancy is 0.2% in Gymea Bay and 1.7% in Toowoon Bay, so landlords in Gymea Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Gymea Bay is the bigger suburb, with a population of 6,983 against 543, roughly 13 times the size of Toowoon Bay; a larger suburb usually means a deeper pool of buyers and tenants.

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