Capalaba vs Deagon
Property investment comparison - Capalaba, QLD 4157 vs Deagon, QLD 4017
Head-to-head across core investment metrics: Capalaba wins 1, Deagon 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 | Capalaba | Deagon |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $765K | $340K |
| Gross rental yield (houses) | - | 3.24% |
| Gross rental yield (units) | - | 6.04% |
| 1-year house growth | +15.9% | - |
| 3-year house growth | +45.9% | +45.7% |
| Vacancy rate | 1.3% | 0.8% |
| Population | 18,002 | 3,773 |
Capalaba vs Deagon: what the numbers say
The median house price is $1.1M in Capalaba and $1.1M in Deagon, so Deagon is the cheaper entry point.
For units, Capalaba sits at a median of $765K against $340K in Deagon, which makes Deagon the more affordable unit market and Capalaba the pricier one.
Looking back three years, Capalaba houses are +45.9% and Deagon houses +45.7%, so Capalaba has compounded faster than Deagon over the longer window.
Rental vacancy is 0.8% in Deagon and 1.3% in Capalaba, so landlords in Deagon face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Capalaba is the bigger suburb, with a population of 18,002 against 3,773, roughly 4.8 times the size of Deagon; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Deagon for a lower purchase price, Deagon for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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