Oakey vs Pimlico
Property investment comparison - Oakey, QLD 4401 vs Pimlico, QLD 4812
Head-to-head across core investment metrics: Oakey wins 3, Pimlico wins 1. 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 | Oakey | Pimlico |
|---|---|---|
| Median house price | $655K | $660K |
| Median unit price | - | $400K |
| Gross rental yield (houses) | 3.88% | 4.52% |
| Gross rental yield (units) | - | 5.50% |
| 1-year house growth | - | +16.0% |
| 3-year house growth | +89.3% | +80.2% |
| Vacancy rate | 0.8% | 1.1% |
| Population | 4,756 | 2,557 |
Oakey vs Pimlico: what the numbers say
The median house price is $655K in Oakey and $660K in Pimlico, so Oakey is the cheaper entry point, with Pimlico houses about 1% dearer.
On cash flow, Pimlico leads: houses there return a gross rental yield of 4.52%, compared with 3.88% in Oakey, a gap of 0.64 percentage points.
Looking back three years, Oakey houses are +89.3% and Pimlico houses +80.2%, so Oakey has compounded faster than Pimlico over the longer window.
Rental vacancy is 0.8% in Oakey and 1.1% in Pimlico, so landlords in Oakey face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Oakey is the bigger suburb, with a population of 4,756 against 2,557, larger than Pimlico; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Pimlico for rental income, Oakey for a lower purchase price, Oakey 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison