South Yunderup vs Westminster

The median house price is $815K in South Yunderup and $810K in Westminster, so Westminster is the cheaper entry point, with South Yunderup houses about 1% dearer.

For units, South Yunderup sits at a median of $445K against $690K in Westminster, which makes South Yunderup the more affordable unit market and Westminster the pricier one.

On cash flow, Westminster leads: houses there return a gross rental yield of 4.55%, compared with 3.75% in South Yunderup, a gap of 0.80 percentage points.

Over the past year house prices moved +11.2% in South Yunderup (an estimate) and +20.9% in Westminster, so recent momentum favours Westminster, although both suburbs recorded growth.

Rental vacancy is 0.8% in Westminster and 2.5% in South Yunderup, so landlords in Westminster face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Westminster is the bigger suburb, with a population of 7,042 against 3,860, larger than South Yunderup; a larger suburb usually means a deeper pool of buyers and tenants.

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