Blackbutt North vs Pimlico

Houses cost about the same in both suburbs: the median house price is $660K in Blackbutt North and $660K in Pimlico.

For units, Blackbutt North sits at a median of $355K against $400K in Pimlico, which makes Blackbutt North the more affordable unit market and Pimlico the pricier one.

On cash flow, Pimlico leads: houses there return a gross rental yield of 4.52%, compared with 4.40% in Blackbutt North, a gap of 0.12 percentage points.

Over the past year house prices moved +17.7% in Blackbutt North and +16.0% in Pimlico, so recent momentum favours Blackbutt North, although both suburbs recorded growth.

Looking back three years, Blackbutt North houses are +63.2% and Pimlico houses +80.2%, so Pimlico has compounded faster than Blackbutt North over the longer window.

Rental vacancy is the same in both, at 1.2%.

Pimlico is the bigger suburb, with a population of 2,557 against 451, roughly 6 times the size of Blackbutt North; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Pimlico for rental income, Blackbutt North for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.