Peregian Springs vs Wamuran

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

For units, Peregian Springs sits at a median of $1.0M against $845K in Wamuran, which makes Wamuran the more affordable unit market and Peregian Springs the pricier one.

Gross rental yield on houses is effectively level, at 3.14% in Peregian Springs and 3.18% in Wamuran, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +14.4% in Peregian Springs (an estimate) and +18.6% in Wamuran (an estimate), so recent momentum favours Wamuran, although both suburbs recorded growth.

Rental vacancy is the same in both, at 1.3%.

Peregian Springs is the bigger suburb, with a population of 9,532 against 3,374, roughly 2.8 times the size of Wamuran; a larger suburb usually means a deeper pool of buyers and tenants.

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