Gordonvale vs Nelly Bay
Property investment comparison - Gordonvale, QLD 4865 vs Nelly Bay, QLD 4819
Head-to-head across core investment metrics: Gordonvale wins 2, Nelly Bay 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 | Gordonvale | Nelly Bay |
|---|---|---|
| Median house price | $725K | $725K |
| Median unit price | - | $450K |
| Gross rental yield (houses) | 4.90% | - |
| Gross rental yield (units) | 4.08% | 4.24% |
| 1-year house growth | +16.5% | +9.2% |
| 3-year house growth | +45.8% | +34.0% |
| Vacancy rate | 1.0% | 0.2% |
| Population | 6,944 | 1,213 |
Gordonvale vs Nelly Bay: what the numbers say
Houses cost about the same in both suburbs: the median house price is $725K in Gordonvale and $725K in Nelly Bay.
Over the past year house prices moved +16.5% in Gordonvale and +9.2% in Nelly Bay, so recent momentum favours Gordonvale, although both suburbs recorded growth.
Looking back three years, Gordonvale houses are +45.8% and Nelly Bay houses +34.0%, so Gordonvale has compounded faster than Nelly Bay over the longer window.
Rental vacancy is 0.2% in Nelly Bay and 1.0% in Gordonvale, so landlords in Nelly Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Gordonvale is the bigger suburb, with a population of 6,944 against 1,213, roughly 6 times the size of Nelly Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gordonvale for recent price momentum, Nelly Bay 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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