Adare vs Parkhurst
Property investment comparison - Adare, QLD 4343 vs Parkhurst, QLD 4702
Head-to-head across core investment metrics: Adare wins 4, Parkhurst wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Adare | Parkhurst |
|---|---|---|
| Median house price | $930K | - |
| Median unit price | $285K | $675K |
| Gross rental yield (houses) | 3.74% | 3.63% |
| Gross rental yield (units) | 5.66% | 3.78% |
| 1-year house growth | +17.6%estimate | +11.7%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.9% | 0.4% |
| Population | 1,027 | 3,043 |
Adare vs Parkhurst: what the numbers say
For units, Adare sits at a median of $285K against $675K in Parkhurst, which makes Adare the more affordable unit market and Parkhurst the pricier one.
On cash flow, Adare leads: houses there return a gross rental yield of 3.74%, compared with 3.63% in Parkhurst, a gap of 0.11 percentage points.
Over the past year house prices moved +17.6% in Adare (an estimate) and +11.7% in Parkhurst (an estimate), so recent momentum favours Adare, although both suburbs recorded growth.
Rental vacancy is 0.4% in Parkhurst and 0.9% in Adare, so landlords in Parkhurst face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Parkhurst is the bigger suburb, with a population of 3,043 against 1,027, roughly 3.0 times the size of Adare; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Adare for rental income, Adare for recent price momentum, Parkhurst for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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