Morangup vs Vasse

The median house price is $950K in Morangup and $945K in Vasse, so Vasse is the cheaper entry point, with Morangup houses about 1% dearer.

For units, Morangup sits at a median of $210K against $990K in Vasse, which makes Morangup the more affordable unit market and Vasse the pricier one.

On cash flow, Morangup leads: houses there return a gross rental yield of 5.48%, compared with 4.70% in Vasse, a gap of 0.78 percentage points.

Over the past year house prices moved +18.4% in Morangup and +18.6% in Vasse, so recent momentum favours Vasse, although both suburbs recorded growth.

Looking back three years, Morangup houses are +53.0% and Vasse houses +52.2%, so Morangup has compounded faster than Vasse over the longer window.

Rental vacancy is 1.1% in Vasse and 3.2% in Morangup, so landlords in Vasse face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Vasse is the bigger suburb, with a population of 2,853 against 751, roughly 3.8 times the size of Morangup; a larger suburb usually means a deeper pool of buyers and tenants.

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