McCracken vs Modbury

The median house price is $850K in McCracken and $860K in Modbury, so McCracken is the cheaper entry point, with Modbury houses about 1% dearer.

For units, McCracken sits at a median of $375K against $720K in Modbury, which makes McCracken the more affordable unit market and Modbury the pricier one.

On cash flow, McCracken leads: houses there return a gross rental yield of 3.77%, compared with 3.70% in Modbury, a gap of 0.07 percentage points.

Over the past year house prices moved +12.2% in McCracken (an estimate) and +12.6% in Modbury, so recent momentum favours Modbury, although both suburbs recorded growth.

Rental vacancy is 0.9% in McCracken and 1.1% in Modbury, so landlords in McCracken face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Modbury is the bigger suburb, with a population of 5,593 against 2,076, roughly 2.7 times the size of McCracken; a larger suburb usually means a deeper pool of buyers and tenants.

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