Lake Coogee vs Meelon
Property investment comparison - Lake Coogee, WA 6166 vs Meelon, WA 6208
Head-to-head across core investment metrics: Lake Coogee wins 2, Meelon wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Lake Coogee | Meelon |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.70% | 3.05% |
| Gross rental yield (units) | 5.45% | - |
| 1-year house growth | +16.0% | - |
| 3-year house growth | +51.7% | - |
| Vacancy rate | 0.5% | 2.1% |
| Population | 4,768 | 174 |
Lake Coogee vs Meelon: what the numbers say
The median house price is $1.1M in Lake Coogee and $1.1M in Meelon, so Meelon is the cheaper entry point.
On cash flow, Lake Coogee leads: houses there return a gross rental yield of 3.70%, compared with 3.05% in Meelon, a gap of 0.65 percentage points.
Rental vacancy is 0.5% in Lake Coogee and 2.1% in Meelon, so landlords in Lake Coogee face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lake Coogee is the bigger suburb, with a population of 4,768 against 174, roughly 27 times the size of Meelon; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lake Coogee for rental income, Meelon for a lower purchase price, Lake Coogee for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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