Leichhardt vs Shelly Beach
Property investment comparison - Leichhardt, QLD 4305 vs Shelly Beach, QLD 4810
Head-to-head across core investment metrics: Leichhardt wins 1, Shelly Beach 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 | Leichhardt | Shelly Beach |
|---|---|---|
| Median house price | $755K | $755K |
| Median unit price | - | $450K |
| Gross rental yield (houses) | 3.70% | 3.87% |
| Gross rental yield (units) | 3.85% | 6.68% |
| 1-year house growth | +17.1% | - |
| 3-year house growth | +79.6% | - |
| Vacancy rate | 0.8% | 1.4% |
| Population | 4,471 | 925 |
Leichhardt vs Shelly Beach: what the numbers say
Houses cost about the same in both suburbs: the median house price is $755K in Leichhardt and $755K in Shelly Beach.
On cash flow, Shelly Beach leads: houses there return a gross rental yield of 3.87%, compared with 3.70% in Leichhardt, a gap of 0.17 percentage points.
Rental vacancy is 0.8% in Leichhardt and 1.4% in Shelly Beach, so landlords in Leichhardt face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Leichhardt is the bigger suburb, with a population of 4,471 against 925, roughly 4.8 times the size of Shelly Beach; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Shelly Beach for rental income, Leichhardt 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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