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Boonah vs Leichhardt

Property investment comparison - Boonah, QLD 4310 vs Leichhardt, QLD 4305

Head-to-head across core investment metrics: Boonah wins 2, Leichhardt wins 2. 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.

MetricBoonahLeichhardt
Median house price$755K$755K
Median unit price--
Gross rental yield (houses)-3.70%
Gross rental yield (units)4.16%3.85%
1-year house growth+9.5%+17.1%
3-year house growth+49.0%+79.6%
Vacancy rate0.3%0.8%
Population2,5574,471

Boonah vs Leichhardt: what the numbers say

Houses cost about the same in both suburbs: the median house price is $755K in Boonah and $755K in Leichhardt.

Over the past year house prices moved +9.5% in Boonah and +17.1% in Leichhardt, so recent momentum favours Leichhardt, although both suburbs recorded growth.

Looking back three years, Boonah houses are +49.0% and Leichhardt houses +79.6%, so Leichhardt has compounded faster than Boonah over the longer window.

Rental vacancy is 0.3% in Boonah and 0.8% in Leichhardt, so landlords in Boonah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Leichhardt is the bigger suburb, with a population of 4,471 against 2,557, larger than Boonah; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Leichhardt for recent price momentum, Boonah 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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