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Aroona vs Diamond Head

Property investment comparison - Aroona, QLD 4551 vs Diamond Head, QLD 4551

Head-to-head across core investment metrics: Aroona wins 1, Diamond Head 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.

MetricAroonaDiamond Head
Median house price$1.3M$1.3M
Median unit price$930K-
Gross rental yield (houses)3.61%3.78%
Gross rental yield (units)3.99%-
1-year house growth+16.7%estimate-
3-year house growth--
Vacancy rate5.3%5.3%
Population3,466-

Aroona vs Diamond Head: what the numbers say

Houses cost about the same in both suburbs: the median house price is $1.3M in Aroona and $1.3M in Diamond Head.

On cash flow, Diamond Head leads: houses there return a gross rental yield of 3.78%, compared with 3.61% in Aroona, a gap of 0.17 percentage points.

Rental vacancy is the same in both, at 5.3%.

In short: Diamond Head for rental income. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Aroona vs Diamond Head: Suburb Comparison 2026