Madeley vs Noranda
Property investment comparison - Madeley, WA 6065 vs Noranda, WA 6062
Head-to-head across core investment metrics: Madeley wins 3, Noranda wins 2. 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 | Madeley | Noranda |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | - | $675K |
| Gross rental yield (houses) | 3.57% | 3.80% |
| Gross rental yield (units) | 5.20% | 4.93% |
| 1-year house growth | +17.6% | - |
| 3-year house growth | +64.2% | +70.9% |
| Vacancy rate | 0.7% | 0.8% |
| Population | 6,805 | 8,002 |
Madeley vs Noranda: what the numbers say
The median house price is $1.2M in Madeley and $1.2M in Noranda, so Madeley is the cheaper entry point, with Noranda houses about 1% dearer.
On cash flow, Noranda leads: houses there return a gross rental yield of 3.80%, compared with 3.57% in Madeley, a gap of 0.23 percentage points.
Looking back three years, Madeley houses are +64.2% and Noranda houses +70.9%, so Noranda has compounded faster than Madeley over the longer window.
Rental vacancy is 0.7% in Madeley and 0.8% in Noranda, so landlords in Madeley face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Noranda is the bigger suburb, with a population of 8,002 against 6,805, larger than Madeley; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Noranda for rental income, Madeley for a lower purchase price, Madeley 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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