Chelona vs Toolooa
Property investment comparison - Chelona, QLD 4740 vs Toolooa, QLD 4680
Head-to-head across core investment metrics: Chelona wins 1, Toolooa 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 | Chelona | Toolooa |
|---|---|---|
| Median house price | $500K | $480K |
| Median unit price | - | $345K |
| Gross rental yield (houses) | 7.40% | 5.20% |
| Gross rental yield (units) | - | 6.59% |
| 1-year house growth | - | +16.2%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.3% | 0.9% |
| Population | 120 | 992 |
Chelona vs Toolooa: what the numbers say
The median house price is $500K in Chelona and $480K in Toolooa, so Toolooa is the cheaper entry point, with Chelona houses about 4% dearer.
On cash flow, Chelona leads: houses there return a gross rental yield of 7.40%, compared with 5.20% in Toolooa, a gap of 2.20 percentage points.
Rental vacancy is 0.9% in Toolooa and 1.3% in Chelona, so landlords in Toolooa face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Toolooa is the bigger suburb, with a population of 992 against 120, roughly 8 times the size of Chelona; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Chelona for rental income, Toolooa for a lower purchase price, Toolooa 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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