Blackbutt North vs Oakey
Property investment comparison - Blackbutt North, QLD 4314 vs Oakey, QLD 4401
Head-to-head across core investment metrics: Blackbutt North wins 1, Oakey wins 3. 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 | Blackbutt North | Oakey |
|---|---|---|
| Median house price | $660K | $655K |
| Median unit price | $355K | - |
| Gross rental yield (houses) | 4.40% | 3.88% |
| Gross rental yield (units) | 6.39% | - |
| 1-year house growth | +17.7% | - |
| 3-year house growth | +63.2% | +89.3% |
| Vacancy rate | 1.2% | 0.8% |
| Population | 451 | 4,756 |
Blackbutt North vs Oakey: what the numbers say
The median house price is $660K in Blackbutt North and $655K in Oakey, so Oakey is the cheaper entry point, with Blackbutt North houses about 1% dearer.
On cash flow, Blackbutt North leads: houses there return a gross rental yield of 4.40%, compared with 3.88% in Oakey, a gap of 0.52 percentage points.
Looking back three years, Blackbutt North houses are +63.2% and Oakey houses +89.3%, so Oakey has compounded faster than Blackbutt North over the longer window.
Rental vacancy is 0.8% in Oakey and 1.2% in Blackbutt North, so landlords in Oakey face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Oakey is the bigger suburb, with a population of 4,756 against 451, roughly 11 times the size of Blackbutt North; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Blackbutt North for rental income, Oakey for a lower purchase price, Oakey 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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Blackbutt North, QLD 4314
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