Leschenault vs Warwick
Property investment comparison - Leschenault, WA 6233 vs Warwick, WA 6024
Head-to-head across core investment metrics: Leschenault wins 2, Warwick wins 3. 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 | Leschenault | Warwick |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $205K | $630K |
| Gross rental yield (houses) | 3.60% | 3.85% |
| Gross rental yield (units) | 8.31% | 2.70% |
| 1-year house growth | +19.6%estimate | - |
| 3-year house growth | - | +63.6% |
| Vacancy rate | 1.4% | 0.3% |
| Population | 3,058 | 3,858 |
Leschenault vs Warwick: what the numbers say
The median house price is $1.1M in Leschenault and $1.1M in Warwick, so Warwick is the cheaper entry point.
For units, Leschenault sits at a median of $205K against $630K in Warwick, which makes Leschenault the more affordable unit market and Warwick the pricier one.
On cash flow, Warwick leads: houses there return a gross rental yield of 3.85%, compared with 3.60% in Leschenault, a gap of 0.25 percentage points.
Rental vacancy is 0.3% in Warwick and 1.4% in Leschenault, so landlords in Warwick face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warwick is the bigger suburb, with a population of 3,858 against 3,058, larger than Leschenault; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warwick for rental income, Warwick for a lower purchase price, Warwick 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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