Point Vernon vs Urangan

Houses cost about the same in both suburbs: the median house price is $815K in Point Vernon and $815K in Urangan.

For units, Point Vernon sits at a median of $555K against $605K in Urangan, which makes Point Vernon the more affordable unit market and Urangan the pricier one.

Gross rental yield on houses is effectively level, at 4.00% in Point Vernon and 3.95% in Urangan, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +14.4% in Point Vernon and +14.1% in Urangan, so recent momentum favours Point Vernon, although both suburbs recorded growth.

Looking back three years, Point Vernon houses are +37.4% and Urangan houses +31.5%, so Point Vernon has compounded faster than Urangan over the longer window.

Rental vacancy is 1.3% in Urangan and 2.9% in Point Vernon, so landlords in Urangan face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Urangan is the bigger suburb, with a population of 10,988 against 5,718, larger than Point Vernon; a larger suburb usually means a deeper pool of buyers and tenants.

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