Toowoon Bay vs Wombarra

Houses cost about the same in both suburbs: the median house price is $2.2M in Toowoon Bay and $2.2M in Wombarra.

For units, Toowoon Bay sits at a median of $980K against $1.1M in Wombarra, which makes Toowoon Bay the more affordable unit market and Wombarra the pricier one.

On cash flow, Wombarra leads: houses there return a gross rental yield of 2.47%, compared with 1.57% in Toowoon Bay, a gap of 0.90 percentage points.

Over the past year house prices moved +9.3% in Toowoon Bay (an estimate) and +0.2% in Wombarra (an estimate), so recent momentum favours Toowoon Bay, although both suburbs recorded growth.

Rental vacancy is 1.3% in Wombarra and 1.7% in Toowoon Bay, so landlords in Wombarra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wombarra is the bigger suburb, with a population of 944 against 543, larger than Toowoon Bay; a larger suburb usually means a deeper pool of buyers and tenants.

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