Boonah vs Parramatta Park
Property investment comparison - Boonah, QLD 4310 vs Parramatta Park, QLD 4870
Head-to-head across core investment metrics: Boonah wins 2, Parramatta Park 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.
| Metric | Boonah | Parramatta Park |
|---|---|---|
| Median house price | $755K | $760K |
| Median unit price | - | $465K |
| Gross rental yield (houses) | - | 4.27% |
| Gross rental yield (units) | 4.16% | 5.62% |
| 1-year house growth | +9.5% | +15.8%estimate |
| 3-year house growth | +49.0% | - |
| Vacancy rate | 0.3% | 0.6% |
| Population | 2,557 | 3,621 |
Boonah vs Parramatta Park: what the numbers say
The median house price is $755K in Boonah and $760K in Parramatta Park, so Boonah is the cheaper entry point, with Parramatta Park houses about 1% dearer.
Over the past year house prices moved +9.5% in Boonah and +15.8% in Parramatta Park (an estimate), so recent momentum favours Parramatta Park, although both suburbs recorded growth.
Rental vacancy is 0.3% in Boonah and 0.6% in Parramatta Park, so landlords in Boonah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Parramatta Park is the bigger suburb, with a population of 3,621 against 2,557, larger than Boonah; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Boonah for a lower purchase price, Parramatta Park 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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Parramatta Park, QLD 4870
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