Middle Swan vs South Yunderup

Houses cost about the same in both suburbs: the median house price is $815K in Middle Swan and $815K in South Yunderup.

For units, Middle Swan sits at a median of $545K against $445K in South Yunderup, which makes South Yunderup the more affordable unit market and Middle Swan the pricier one.

On cash flow, Middle Swan leads: houses there return a gross rental yield of 4.39%, compared with 3.75% in South Yunderup, a gap of 0.64 percentage points.

Over the past year house prices moved +22.6% in Middle Swan (an estimate) and +11.2% in South Yunderup (an estimate), so recent momentum favours Middle Swan, although both suburbs recorded growth.

Rental vacancy is 1.0% in Middle Swan and 2.5% in South Yunderup, so landlords in Middle Swan face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

South Yunderup is the bigger suburb, with a population of 3,860 against 2,852, larger than Middle Swan; a larger suburb usually means a deeper pool of buyers and tenants.

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