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Boyne Island vs Captain Creek

Property investment comparison - Boyne Island, QLD 4680 vs Captain Creek, QLD 4677

Head-to-head across core investment metrics: Boyne Island wins 1, Captain Creek 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.

MetricBoyne IslandCaptain Creek
Median house price$670K$670K
Median unit price-$640K
Gross rental yield (houses)4.50%5.59%
Gross rental yield (units)-4.89%
1-year house growth+15.5%+15.6%estimate
3-year house growth+54.0%-
Vacancy rate1.2%6.7%
Population4,835452

Boyne Island vs Captain Creek: what the numbers say

Houses cost about the same in both suburbs: the median house price is $670K in Boyne Island and $670K in Captain Creek.

On cash flow, Captain Creek leads: houses there return a gross rental yield of 5.59%, compared with 4.50% in Boyne Island, a gap of 1.09 percentage points.

Over the past year house prices moved +15.5% in Boyne Island and +15.6% in Captain Creek (an estimate), so recent momentum favours Captain Creek, although both suburbs recorded growth.

Rental vacancy is 1.2% in Boyne Island and 6.7% in Captain Creek, so landlords in Boyne Island face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Boyne Island is the bigger suburb, with a population of 4,835 against 452, roughly 11 times the size of Captain Creek; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Captain Creek for rental income, Captain Creek for recent price momentum, Boyne Island 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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