Meadow Heights vs Murrabit

Houses cost about the same in both suburbs: the median house price is $685K in Meadow Heights and $685K in Murrabit.

For units, Meadow Heights sits at a median of $545K against $395K in Murrabit, which makes Murrabit the more affordable unit market and Meadow Heights the pricier one.

On cash flow, Meadow Heights leads: houses there return a gross rental yield of 4.05%, compared with 2.99% in Murrabit, a gap of 1.06 percentage points.

Over the past year house prices moved +8.7% in Meadow Heights and +22.7% in Murrabit, so recent momentum favours Murrabit, although both suburbs recorded growth.

Rental vacancy is 0.6% in Murrabit and 1.4% in Meadow Heights, so landlords in Murrabit face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Meadow Heights is the bigger suburb, with a population of 14,890 against 230, roughly 65 times the size of Murrabit; a larger suburb usually means a deeper pool of buyers and tenants.

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