Mount Pleasant vs One Mile
Property investment comparison - Mount Pleasant, QLD 4740 vs One Mile, QLD 4305
Head-to-head across core investment metrics: Mount Pleasant wins 1, One Mile 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 | Mount Pleasant | One Mile |
|---|---|---|
| Median house price | $730K | $730K |
| Median unit price | - | - |
| Gross rental yield (houses) | - | 3.71% |
| Gross rental yield (units) | 4.81% | 4.13% |
| 1-year house growth | +12.5% | +17.8% |
| 3-year house growth | +54.2% | +67.3% |
| Vacancy rate | 2.4% | 0.3% |
| Population | 4,694 | 2,038 |
Mount Pleasant vs One Mile: what the numbers say
Houses cost about the same in both suburbs: the median house price is $730K in Mount Pleasant and $730K in One Mile.
Over the past year house prices moved +12.5% in Mount Pleasant and +17.8% in One Mile, so recent momentum favours One Mile, although both suburbs recorded growth.
Looking back three years, Mount Pleasant houses are +54.2% and One Mile houses +67.3%, so One Mile has compounded faster than Mount Pleasant over the longer window.
Rental vacancy is 0.3% in One Mile and 2.4% in Mount Pleasant, so landlords in One Mile face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mount Pleasant is the bigger suburb, with a population of 4,694 against 2,038, roughly 2.3 times the size of One Mile; a larger suburb usually means a deeper pool of buyers and tenants.
In short: One Mile for recent price momentum, One Mile for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Mount Pleasant, QLD 4740
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