Mullaloo vs Willetton

The median house price is $1.5M in Mullaloo and $1.5M in Willetton, so Mullaloo is the cheaper entry point, with Willetton houses about 1% dearer.

For units, Mullaloo sits at a median of $1.4M against $850K in Willetton, which makes Willetton the more affordable unit market and Mullaloo the pricier one.

On cash flow, Mullaloo leads: houses there return a gross rental yield of 3.20%, compared with 3.13% in Willetton, a gap of 0.07 percentage points.

Over the past year house prices moved +14.8% in Mullaloo and +19.0% in Willetton, so recent momentum favours Willetton, although both suburbs recorded growth.

Looking back three years, Mullaloo houses are +59.1% and Willetton houses +58.7%, so Mullaloo has compounded faster than Willetton over the longer window.

Rental vacancy is 0.7% in Mullaloo and 1.4% in Willetton, so landlords in Mullaloo face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Willetton is the bigger suburb, with a population of 19,262 against 6,190, roughly 3.1 times the size of Mullaloo; a larger suburb usually means a deeper pool of buyers and tenants.

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