Macgregor vs Woolloongabba

The median house price is $1.5M in Macgregor and $1.5M in Woolloongabba, so Macgregor is the cheaper entry point, with Woolloongabba houses about 1% dearer.

For units, Macgregor sits at a median of $725K against $805K in Woolloongabba, which makes Macgregor the more affordable unit market and Woolloongabba the pricier one.

Over the past year house prices moved +7.9% in Macgregor and +13.3% in Woolloongabba, so recent momentum favours Woolloongabba, although both suburbs recorded growth.

Looking back three years, Macgregor houses are +52.9% and Woolloongabba houses +25.8%, so Macgregor has compounded faster than Woolloongabba over the longer window.

Rental vacancy is 0.7% in Woolloongabba and 1.8% in Macgregor, so landlords in Woolloongabba face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Woolloongabba is the bigger suburb, with a population of 8,687 against 5,980, larger than Macgregor; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Macgregor for a lower purchase price, Woolloongabba for recent price momentum, Woolloongabba for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.