12 Top Investment Suburbs in Queensland

Date

Queensland is the leading destination for Australians who are migrating interstate — the Regional Movers Index, showed that Queensland took three of the top five regions for internal migration in 2023. With Queensland’s population estimated to reach between 6.4 and 8.27 million by 2046, alongside the recent doubling of the first-home buyer’s grant, there is a strong forecast for growth in select regions across the state. 

Here are 12 of the top investment suburbs in Queensland to keep an eye on in 2024. 

1. Bucasia, Mackay Region, QLD 4750

Sitting 13km from central Mackay, Bucasia offers high potential for growth coupled with a relatively low median house and unit prices. The strong rental yield of 6.2% for houses is a good indication of potential returns. The coastal suburb boasts beautiful beaches and easy access to recreational areas and surrounding amenities. 

Median house price: $485,000 (+12.8% from July 2023)

Median weekly house rent: $565 per week (+13% from July 2023)

Average house rental yield: 6.2%

Median unit price: $115,000 (+12.7% on July 2023)

Median unit rental price: $400 per week (+11.1% on July 2023)

Average unit rental yield: 7.1%

Median weekly household income: $2,005

Population: 4,915

Private dwellings: 1,959

 

top-investment-suburbs-queensland-2-2.jpg

 

2. Deagon, Brisbane, QLD 4017

Located just north of the CBD, Deagon holds potential investment value for budding portfolios. Houses form the dominant property type in the suburb with a good mix of residential and commercial areas. It’s ideal for those looking for suburban living with convenient access to the city.

Median house price: $750,000 (-0.5% from July 2023)

Median weekly house rent: $580 per week (+5.5% from July 2023)

Average house rental yield: 4.0%

Median weekly household income: $1,605

Population: 3,773

Private dwellings: 1,689

 

top-investment-suburbs-queensland-3

 

3. Cardwell, Cassowary Coast, QLD 4849

Situated on the lush Cassowary Coast, Cardwell is a coastal town that presents a laid-back lifestyle. With relatively affordable house prices under $400,000, the suburb holds a unique opportunity for investors who want to add a slice of paradise to their portfolio while enjoying growing rental yield returns. 

Median house price: $389,500 (+6% from July 2023)

Median weekly house rent: $440 per week (+25.7% from July 2023)

Average house rental yield: 6.0%

Median weekly household income: $846

Population: 1,320

Private dwellings: 924

 

top-investment-suburbs-queensland-4

 

4. Bargara, Bundaberg Region, QLD 4670

Best known for its beaches and relaxed vibe in the rapidly growing Bundaberg region, Bargara offers a sought-after beachfront lifestyle with the value-added bonus of a welcoming community charm. Recent growth in an average house in unit price shows clear strong capital growth that is likely to continue in the years to come as the region continues to expand. 

Median house price: $795,000 (+25.4% from July 2023)

Median weekly house rent: $597 per week (+9.6% from July 2023)

Average house rental yield: 4.6%

Median unit price: $643,500 (+30% on July 2023)

Median unit rental price: $500 per week (+11.1% on July 2023)

Average unit rental yield: 4.7%

Median weekly household income: $1,261

Population: 8,883

Private dwellings: 4,595

 

top-investment-suburbs-queensland-5

 

5. Redbank Plains, Ipswich, QLD 4301

Redbank Plains is a regional suburb that offers potential investment returns, especially with the growing demand for quality housing. The suburb boasts a young demographic and a high proportion of renters (nearly 49%). Discerning investors should also take note of the future train line expansion and the existing transportation connections to the Ipswich CBD.

Median house price: $600,000 (+14.3% from July 2023)

Median weekly house rent: $520 per week (+9.5% from July 2023)

Average house rental yield: 4.8%

Median unit price: $425,000 (-8.6% on July 2023)

Median unit rental price: $427 per week (+15.5% on July 2023)

Average unit rental yield: 5.8%

Median weekly household income: $1,516

Population: 24,349

Private dwellings: 8,464

 

top-investment-suburbs-queensland-6

 

6. Bowen Hills, Brisbane, QLD 4006

Bowen Hills is a classic example of an inner-city suburb that continues to offer investment potential despite Brisbane’s reputation for being one of the more expensive cities in QLD. Its proximity just 3 km from the Brisbane CBD awards it excellent connectivity via transport links. Demand for unit housing is especially high, with an average rental yield of 6.5%.

Median unit price: $490,000 (+18.4% on July 2023)

Median unit rental price: $580 per week (+16% on July 2023)

Average unit rental yield: 6.5%

Median weekly household income: $1,551

Population: 4,898

Private dwellings: 3,321

 

top-investment-suburbs-queensland-7

 

7. Alexandra Headland, Sunshine Coast, QLD 4572

Alexandra Headland is one of the most expensive but also high performing suburbs on the Sunshine Coast, showing a growth of 10.8% despite already sky-high house prices of close to $2 million. It’s no wonder, considering that the suburb features stunning beaches, parks, and a youthful holiday vibe that is especially popular among holidaymakers and young professionals.

Median house price: $1,930,000 (+10.8% from July 2023)

Median weekly house rent: $930 per week (+3.9% from July 2023)

Average house rental yield: 3.0%

Median unit price: $715,500 (+0.1% on July 2023)

Median unit rental price: $580 per week (+3.6% on July 2023)

Average unit rental yield: 4.7%

Median weekly household income: $1,682

Population: 4,235

Private dwellings: 2,506 

 

top-investment-suburbs-queensland-8

 

8. Currajong, Townsville Region, QLD 4812

Currajong is a growing suburb in the Townville region that is seeing more and more local migrants. Rental yields of 6.5% are a good sign of its investment potential, while the family-oriented atmosphere of the suburbs lends itself nicely to young families who have a good spread of parks, schools, and medical facilities to enjoy.

Median house price: $380,000 (+8.6% from July 2023)

Median weekly house rent: $470 per week (+14.6% from July 2023)

Average house rental yield: 6.5%

Median weekly household income: $1,429

Population: 2,490

Private dwellings: 1,278

 

kepnock-qld-suburb-profile-2 (1)

 

9. Innes Park, Bundaberg Region, QLD 4670

Innes Park is a suburban locale that offers easy access to the conveniences of the Bundaberg region while offering a quieter lifestyle. Demand for housing in Innes Park continues to be a main driver for real estate value growth. .

Median house price: $778,500 (+6.6% from July 2023)

Median weekly house rent: $550 per week (+7.3% from July 2023)

Average house rental yield: 4.5%

Median weekly household income: $1,674

Population: 2,653

Private dwellings: 1,013

 

top-investment-suburbs-queensland-9

 

10. Caloundra, Sunshine Coast, QLD 4551

Caloundra is yet another coastal suburb on the Sunshine Coast which offers a leisurely lifestyle alongside local beaches and convenient access to shops and amenities. Investment opportunities in this suburb lie mainly with houses which have shown a healthy 14.9% growth in the past year. 

Median house price: $1,000,000 (+14.9% from July 2023)

Median weekly house rent: $660 per week (+10% from July 2023)

Average house rental yield: 3.4%

Median unit price: $677,500 (+5% on July 2023)

Median unit rental price: $585 per week (+6.4% on July 2023)

Average unit rental yield: 4.6%

Median weekly household income: $980

Population: 3,932

Private dwellings: 2,661

 

top-investment-suburbs-queensland-10

 

11. Coomera, Gold Coast, QLD 4209

It should be unsurprising for a Gold Coast suburb to appear on this list — Coomera is an especially attractive option for investors due to the mix of good amenities lifestyle options and affordability compared to other suburbs in the region. Sporting a family-friendly vibe, Coomera has shown strong growth in the past year, making it a reliable investment option. 

Median house price: $850,000 (+12.1% from July 2023)

Median weekly house rent: $700 per week (+7.7% from July 2023)

Average house rental yield: 4.8%

Median unit price: $569,000 (+6.4% on July 2023)

Median unit rental price: $600 per week (+9.1% on July 2023)

Average unit rental yield: 5.4%

Median weekly household income: $1,930

Population: 20,225

Private dwellings: 6,957

 

top-investment-suburbs-queensland-11


12. Newtown, Toowoomba Region, QLD 4350

A suburb on the rise in the Toowoomba region, Newtown is a safe investment consideration for those who are looking for reliable returns. Median house prices show an upward trend that is unlikely to break anytime soon, while units offer an attractive rental yield of 5.6%

Median house price: $515,000 (+14.4% from July 2023)

Median weekly house rent: $450 per week (+3.4% from July 2023)

Average house rental yield: 4.8%

Median unit price: $344,500 (+3.6% on July 2023)

Median unit rental price: $380 per week (+8.6% on July 2023)

Average unit rental yield: 5.6%

Median weekly household income: $1,200

Population: 10,039

Private dwellings: 4,890

 

top-investment-suburbs-queensland-12