Horsham vs Koondrook

The median house price is $475K in Horsham and $480K in Koondrook, so Horsham is the cheaper entry point, with Koondrook houses about 1% dearer.

For units, Horsham sits at a median of $400K against $415K in Koondrook, which makes Horsham the more affordable unit market and Koondrook the pricier one.

On cash flow, Horsham leads: houses there return a gross rental yield of 5.00%, compared with 4.72% in Koondrook, a gap of 0.28 percentage points.

Over the past year house prices moved +18.1% in Horsham and +14.9% in Koondrook, so recent momentum favours Horsham, although both suburbs recorded growth.

Looking back three years, Horsham houses are +17.5% and Koondrook houses +39.8%, so Koondrook has compounded faster than Horsham over the longer window.

Rental vacancy is 0.1% in Horsham and 1.4% in Koondrook, so landlords in Horsham face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Horsham is the bigger suburb, with a population of 15,134 against 1,101, roughly 14 times the size of Koondrook; a larger suburb usually means a deeper pool of buyers and tenants.

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