Hollywell vs Peregian Springs

The median house price is $1.5M in Hollywell and $1.5M in Peregian Springs, so Peregian Springs is the cheaper entry point, with Hollywell houses about 1% dearer.

For units, Hollywell sits at a median of $1.6M against $1.0M in Peregian Springs, which makes Peregian Springs the more affordable unit market and Hollywell the pricier one.

Over the past year house prices moved +4.8% in Hollywell (an estimate) and +14.4% in Peregian Springs (an estimate), so recent momentum favours Peregian Springs, although both suburbs recorded growth.

Rental vacancy is 1.3% in Peregian Springs and 2.8% in Hollywell, so landlords in Peregian Springs face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Peregian Springs is the bigger suburb, with a population of 9,532 against 2,930, roughly 3.3 times the size of Hollywell; a larger suburb usually means a deeper pool of buyers and tenants.

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