Koorawatha vs Terry Hie Hie

The median house price is $300K in Koorawatha and $305K in Terry Hie Hie, so Koorawatha is the cheaper entry point, with Terry Hie Hie houses about 2% dearer.

For units, Koorawatha sits at a median of $125K against $190K in Terry Hie Hie, which makes Koorawatha the more affordable unit market and Terry Hie Hie the pricier one.

On cash flow, Terry Hie Hie leads: houses there return a gross rental yield of 8.65%, compared with 6.78% in Koorawatha, a gap of 1.87 percentage points.

Rental vacancy is 1.7% in Terry Hie Hie and 2.2% in Koorawatha, so landlords in Terry Hie Hie face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Koorawatha is the bigger suburb, with a population of 450 against 76, roughly 6 times the size of Terry Hie Hie; a larger suburb usually means a deeper pool of buyers and tenants.

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