Mount Forbes vs Woombye
Property investment comparison - Mount Forbes, QLD 4340 vs Woombye, QLD 4559
Head-to-head across core investment metrics: Mount Forbes wins 2, Woombye 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 | Mount Forbes | Woombye |
|---|---|---|
| Median house price | $1.2M | $1.1M |
| Median unit price | $565K | - |
| Gross rental yield (houses) | 2.90% | 3.73% |
| Gross rental yield (units) | 4.89% | 3.81% |
| 1-year house growth | - | +13.8% |
| 3-year house growth | - | +37.5% |
| Vacancy rate | 0.2% | 0.5% |
| Population | 262 | 3,944 |
Mount Forbes vs Woombye: what the numbers say
The median house price is $1.2M in Mount Forbes and $1.1M in Woombye, so Woombye is the cheaper entry point.
On cash flow, Woombye leads: houses there return a gross rental yield of 3.73%, compared with 2.90% in Mount Forbes, a gap of 0.83 percentage points.
Rental vacancy is 0.2% in Mount Forbes and 0.5% in Woombye, so landlords in Mount Forbes face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Woombye is the bigger suburb, with a population of 3,944 against 262, roughly 15 times the size of Mount Forbes; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Woombye for rental income, Woombye for a lower purchase price, Mount Forbes 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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