Adare vs Patrick Estate
Property investment comparison - Adare, QLD 4343 vs Patrick Estate, QLD 4311
Head-to-head across core investment metrics: Adare wins 2, Patrick Estate wins 0. 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 | Patrick Estate |
|---|---|---|
| Median house price | $930K | - |
| Median unit price | $285K | - |
| Gross rental yield (houses) | 3.74% | 2.42% |
| Gross rental yield (units) | 5.66% | - |
| 1-year house growth | +17.6%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.9% | 1.4% |
| Population | 1,027 | 181 |
Adare vs Patrick Estate: what the numbers say
On cash flow, Adare leads: houses there return a gross rental yield of 3.74%, compared with 2.42% in Patrick Estate, a gap of 1.32 percentage points.
Rental vacancy is 0.9% in Adare and 1.4% in Patrick Estate, so landlords in Adare face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Adare is the bigger suburb, with a population of 1,027 against 181, roughly 6 times the size of Patrick Estate; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Adare for rental income, Adare for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Patrick Estate, QLD 4311
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