Lisarow vs Murrays Beach

Houses cost about the same in both suburbs: the median house price is $1.2M in Lisarow and $1.2M in Murrays Beach.

On cash flow, Murrays Beach leads: houses there return a gross rental yield of 3.55%, compared with 3.38% in Lisarow, a gap of 0.17 percentage points.

Over the past year house prices moved +9.2% in Lisarow and +5.6% in Murrays Beach, so recent momentum favours Lisarow, although both suburbs recorded growth.

Looking back three years, Lisarow houses are +15.1% and Murrays Beach houses -1.4%, so Lisarow has compounded faster than Murrays Beach over the longer window.

Rental vacancy is 1.2% in Lisarow and 5.5% in Murrays Beach, so landlords in Lisarow face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Lisarow is the bigger suburb, with a population of 5,299 against 882, roughly 6 times the size of Murrays Beach; a larger suburb usually means a deeper pool of buyers and tenants.

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