Scamander vs Warrane

The median house price is $660K in Scamander and $650K in Warrane, so Warrane is the cheaper entry point, with Scamander houses about 2% dearer.

On cash flow, Warrane leads: houses there return a gross rental yield of 4.60%, compared with 3.24% in Scamander, a gap of 1.36 percentage points.

Over the past year house prices moved +7.4% in Scamander and +18.0% in Warrane, so recent momentum favours Warrane, although both suburbs recorded growth.

Looking back three years, Scamander houses are +24.0% and Warrane houses +7.5%, so Scamander has compounded faster than Warrane over the longer window.

Rental vacancy is 1.0% in Warrane and 2.8% in Scamander, so landlords in Warrane face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Warrane is the bigger suburb, with a population of 2,695 against 803, roughly 3.4 times the size of Scamander; a larger suburb usually means a deeper pool of buyers and tenants.

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