Purnim vs Woodend

The median house price is $1.1M in Purnim and $1.1M in Woodend, so Woodend is the cheaper entry point, with Purnim houses about 2% dearer.

For units, Purnim sits at a median of $440K against $710K in Woodend, which makes Purnim the more affordable unit market and Woodend the pricier one.

On cash flow, Woodend leads: houses there return a gross rental yield of 3.26%, compared with 1.92% in Purnim, a gap of 1.34 percentage points.

Over the past year house prices moved +20.1% in Purnim and +9.3% in Woodend, so recent momentum favours Purnim, although both suburbs recorded growth.

Rental vacancy is 0.3% in Woodend and 7.1% in Purnim, so landlords in Woodend face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Woodend is the bigger suburb, with a population of 6,732 against 292, roughly 23 times the size of Purnim; a larger suburb usually means a deeper pool of buyers and tenants.

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