Pindimar vs Toormina

The median house price is $805K in Pindimar and $800K in Toormina, so Toormina is the cheaper entry point, with Pindimar houses about 1% dearer.

For units, Pindimar sits at a median of $655K against $500K in Toormina, which makes Toormina the more affordable unit market and Pindimar the pricier one.

On cash flow, Toormina leads: houses there return a gross rental yield of 4.40%, compared with 3.53% in Pindimar, a gap of 0.87 percentage points.

Over the past year house prices moved +4.0% in Pindimar and +9.6% in Toormina, so recent momentum favours Toormina, although both suburbs recorded growth.

Looking back three years, Pindimar houses are +100.0% and Toormina houses +18.9%, so Pindimar has compounded faster than Toormina over the longer window.

Rental vacancy is 0.8% in Toormina and 1.1% in Pindimar, so landlords in Toormina face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Toormina is the bigger suburb, with a population of 6,171 against 345, roughly 18 times the size of Pindimar; a larger suburb usually means a deeper pool of buyers and tenants.

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