Algester vs Pallara
Property investment comparison - Algester, QLD 4115 vs Pallara, QLD 4110
Head-to-head across core investment metrics: Algester wins 4, Pallara 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 | Algester | Pallara |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | $790K | - |
| Gross rental yield (houses) | 3.28% | - |
| Gross rental yield (units) | 4.16% | 4.15% |
| 1-year house growth | +16.2% | +22.5% |
| 3-year house growth | +45.3% | +34.7% |
| Vacancy rate | 0.7% | 1.3% |
| Population | 9,020 | 3,861 |
Algester vs Pallara: what the numbers say
The median house price is $1.2M in Algester and $1.2M in Pallara, so Algester is the cheaper entry point.
Over the past year house prices moved +16.2% in Algester and +22.5% in Pallara, so recent momentum favours Pallara, although both suburbs recorded growth.
Looking back three years, Algester houses are +45.3% and Pallara houses +34.7%, so Algester has compounded faster than Pallara over the longer window.
Rental vacancy is 0.7% in Algester and 1.3% in Pallara, so landlords in Algester face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Algester is the bigger suburb, with a population of 9,020 against 3,861, roughly 2.3 times the size of Pallara; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Algester for a lower purchase price, Pallara for recent price momentum, Algester 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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