Mudjimba vs Yeerongpilly

The median house price is $1.7M in Mudjimba and $1.7M in Yeerongpilly, so Mudjimba is the cheaper entry point, with Yeerongpilly houses about 1% dearer.

For units, Mudjimba sits at a median of $1M against $940K in Yeerongpilly, which makes Yeerongpilly the more affordable unit market and Mudjimba the pricier one.

On cash flow, Mudjimba leads: houses there return a gross rental yield of 3.15%, compared with 2.18% in Yeerongpilly, a gap of 0.97 percentage points.

Over the past year house prices moved +14.2% in Mudjimba and +12.4% in Yeerongpilly, so recent momentum favours Mudjimba, although both suburbs recorded growth.

Looking back three years, Mudjimba houses are +21.5% and Yeerongpilly houses +59.5%, so Yeerongpilly has compounded faster than Mudjimba over the longer window.

Rental vacancy is 0.2% in Yeerongpilly and 0.3% in Mudjimba, so landlords in Yeerongpilly face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mudjimba is the bigger suburb, with a population of 2,664 against 2,033, larger than Yeerongpilly; a larger suburb usually means a deeper pool of buyers and tenants.

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