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Crestmead vs Eastern Heights

Property investment comparison - Crestmead, QLD 4132 vs Eastern Heights, QLD 4305

Head-to-head across core investment metrics: Crestmead wins 2, Eastern Heights 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.

MetricCrestmeadEastern Heights
Median house price$860K$855K
Median unit price$885K-
Gross rental yield (houses)3.70%3.40%
Gross rental yield (units)3.05%3.55%
1-year house growth+18.1%+21.3%estimate
3-year house growth+58.6%-
Vacancy rate1.2%1.2%
Population12,2713,631

Crestmead vs Eastern Heights: what the numbers say

The median house price is $860K in Crestmead and $855K in Eastern Heights, so Eastern Heights is the cheaper entry point, with Crestmead houses about 1% dearer.

On cash flow, Crestmead leads: houses there return a gross rental yield of 3.70%, compared with 3.40% in Eastern Heights, a gap of 0.30 percentage points.

Over the past year house prices moved +18.1% in Crestmead and +21.3% in Eastern Heights (an estimate), so recent momentum favours Eastern Heights, although both suburbs recorded growth.

Rental vacancy is the same in both, at 1.2%.

Crestmead is the bigger suburb, with a population of 12,271 against 3,631, roughly 3.4 times the size of Eastern Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Crestmead for rental income, Eastern Heights for a lower purchase price, Eastern Heights for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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