Toodyay vs Waggrakine

The median house price is $630K in Toodyay and $620K in Waggrakine, so Waggrakine is the cheaper entry point, with Toodyay houses about 2% dearer.

For units, Toodyay sits at a median of $285K against $340K in Waggrakine, which makes Toodyay the more affordable unit market and Waggrakine the pricier one.

On cash flow, Waggrakine leads: houses there return a gross rental yield of 5.26%, compared with 4.55% in Toodyay, a gap of 0.71 percentage points.

Looking back three years, Toodyay houses are +62.2% and Waggrakine houses +63.0%, so Waggrakine has compounded faster than Toodyay over the longer window.

Rental vacancy is 0.7% in Toodyay and 1.1% in Waggrakine, so landlords in Toodyay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Waggrakine is the bigger suburb, with a population of 2,679 against 1,362, larger than Toodyay; a larger suburb usually means a deeper pool of buyers and tenants.

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