Modbury Heights vs North Haven

The median house price is $985K in Modbury Heights and $1.0M in North Haven, so Modbury Heights is the cheaper entry point, with North Haven houses about 3% dearer.

On cash flow, Modbury Heights leads: houses there return a gross rental yield of 3.60%, compared with 3.43% in North Haven, a gap of 0.17 percentage points.

Over the past year house prices moved +14.1% in Modbury Heights and +11.8% in North Haven (an estimate), so recent momentum favours Modbury Heights, although both suburbs recorded growth.

Rental vacancy is 0.6% in North Haven and 0.9% in Modbury Heights, so landlords in North Haven face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Modbury Heights is the bigger suburb, with a population of 6,995 against 5,585, larger than North Haven; a larger suburb usually means a deeper pool of buyers and tenants.

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