Wallabi Point vs Diamond Beach.
Comparing two suburbs with median house prices of $1,015,000 and $852,500. Wallabi Point edges out on more headline metrics in this comparison.
Diamond Beach (median $852,500) is roughly 19% cheaper to buy into than Wallabi Point ($1,015,000). Over the past year, Wallabi Point (+5.2%) ran 7.8 percentage points ahead of Diamond Beach (-2.6%) on house-price growth.
On school quality, the average ICSEA across schools serving Wallabi Point (927) sits above Diamond Beach (926).
For buyers
Diamond Beach is the lower entry point at $852,500 median, 19% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Investors face a yield-versus-growth split: Diamond Beach delivers the better gross yield (3.57% vs 3.00%), but Wallabi Point has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
Wallabi Point edges out on average school ICSEA (927 vs 926).
Common questions
Is Wallabi Point or Diamond Beach cheaper to buy in?
Diamond Beach has the lower median house price at $852,500, roughly 19% below Wallabi Point ($1,015,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Wallabi Point or Diamond Beach?
Over the past 12 months, Wallabi Point grew +5.2% vs -2.6% in Diamond Beach, a gap of 7.8 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Wallabi Point or Diamond Beach have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Wallabi Point scores 927 vs 926 in Diamond Beach. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Wallabi Point or Diamond Beach?
Gross rental yield on houses is 3.57% in Diamond Beach vs 3.00% in Wallabi Point. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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