Grange vs Kawana Island
Property investment comparison - Grange, QLD 4051 vs Kawana Island, QLD 4575
Head-to-head across core investment metrics: Grange wins 2, Kawana Island 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 | Grange | Kawana Island |
|---|---|---|
| Median house price | $1.9M | $2.0M |
| Median unit price | $1.3M | $1.1M |
| Gross rental yield (houses) | 2.58% | 2.77% |
| Gross rental yield (units) | 2.42% | 4.29% |
| 1-year house growth | +11.6% | - |
| 3-year house growth | +21.9% | - |
| Vacancy rate | 1.1% | 1.8% |
| Population | 4,615 | - |
Grange vs Kawana Island: what the numbers say
The median house price is $1.9M in Grange and $2.0M in Kawana Island, so Grange is the cheaper entry point, with Kawana Island houses about 2% dearer.
For units, Grange sits at a median of $1.3M against $1.1M in Kawana Island, which makes Kawana Island the more affordable unit market and Grange the pricier one.
On cash flow, Kawana Island leads: houses there return a gross rental yield of 2.77%, compared with 2.58% in Grange, a gap of 0.19 percentage points.
Rental vacancy is 1.1% in Grange and 1.8% in Kawana Island, so landlords in Grange face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
In short: Kawana Island for rental income, Grange for a lower purchase price, Grange 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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