Mullumbimby vs Nords Wharf

Houses cost about the same in both suburbs: the median house price is $1.2M in Mullumbimby and $1.2M in Nords Wharf.

For units, Mullumbimby sits at a median of $890K against $635K in Nords Wharf, which makes Nords Wharf the more affordable unit market and Mullumbimby the pricier one.

On cash flow, Mullumbimby leads: houses there return a gross rental yield of 4.24%, compared with 3.27% in Nords Wharf, a gap of 0.97 percentage points.

Over the past year house prices moved +1.3% in Mullumbimby (an estimate) and +11.3% in Nords Wharf (an estimate), so recent momentum favours Nords Wharf, although both suburbs recorded growth.

Rental vacancy is 0.6% in Mullumbimby and 3.2% in Nords Wharf, so landlords in Mullumbimby face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mullumbimby is the bigger suburb, with a population of 4,180 against 895, roughly 4.7 times the size of Nords Wharf; a larger suburb usually means a deeper pool of buyers and tenants.

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