Lutwyche vs Peregian Springs

The median house price is $1.5M in Lutwyche and $1.5M in Peregian Springs, so Peregian Springs is the cheaper entry point, with Lutwyche houses about 1% dearer.

For units, Lutwyche sits at a median of $830K against $1.0M in Peregian Springs, which makes Lutwyche the more affordable unit market and Peregian Springs the pricier one.

On cash flow, Peregian Springs leads: houses there return a gross rental yield of 3.14%, compared with 2.55% in Lutwyche, a gap of 0.59 percentage points.

Over the past year house prices moved +2.7% in Lutwyche and +14.4% in Peregian Springs (an estimate), so recent momentum favours Peregian Springs, although both suburbs recorded growth.

Rental vacancy is 0.3% in Lutwyche and 1.3% in Peregian Springs, so landlords in Lutwyche face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Peregian Springs is the bigger suburb, with a population of 9,532 against 4,610, roughly 2.1 times the size of Lutwyche; a larger suburb usually means a deeper pool of buyers and tenants.

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