Kewarra Beach vs Slacks Creek

The median house price is $900K in Kewarra Beach and $905K in Slacks Creek, so Kewarra Beach is the cheaper entry point, with Slacks Creek houses about 1% dearer.

For units, Kewarra Beach sits at a median of $620K against $610K in Slacks Creek, which makes Slacks Creek the more affordable unit market and Kewarra Beach the pricier one.

On cash flow, Kewarra Beach leads: houses there return a gross rental yield of 4.50%, compared with 3.67% in Slacks Creek, a gap of 0.83 percentage points.

Over the past year house prices moved +12.5% in Kewarra Beach and +18.6% in Slacks Creek, so recent momentum favours Slacks Creek, although both suburbs recorded growth.

Looking back three years, Kewarra Beach houses are +35.9% and Slacks Creek houses +64.5%, so Slacks Creek has compounded faster than Kewarra Beach over the longer window.

Rental vacancy is 0.7% in Slacks Creek and 1.5% in Kewarra Beach, so landlords in Slacks Creek face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Slacks Creek is the bigger suburb, with a population of 10,408 against 6,133, larger than Kewarra Beach; a larger suburb usually means a deeper pool of buyers and tenants.

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