New Beith vs Wamuran

The median house price is $1.5M in New Beith and $1.5M in Wamuran, so Wamuran is the cheaper entry point.

For units, New Beith sits at a median of $680K against $845K in Wamuran, which makes New Beith the more affordable unit market and Wamuran the pricier one.

On cash flow, New Beith leads: houses there return a gross rental yield of 3.38%, compared with 3.18% in Wamuran, a gap of 0.20 percentage points.

Over the past year house prices moved +17.5% in New Beith and +18.6% in Wamuran (an estimate), so recent momentum favours Wamuran, although both suburbs recorded growth.

Rental vacancy is 0.6% in New Beith and 1.4% in Wamuran, so landlords in New Beith face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

New Beith is the bigger suburb, with a population of 5,642 against 3,374, larger than Wamuran; a larger suburb usually means a deeper pool of buyers and tenants.

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