Parkinson vs Upper Mount Gravatt

Houses cost about the same in both suburbs: the median house price is $1.4M in Parkinson and $1.4M in Upper Mount Gravatt.

For units, Parkinson sits at a median of $815K against $795K in Upper Mount Gravatt, which makes Upper Mount Gravatt the more affordable unit market and Parkinson the pricier one.

On cash flow, Parkinson leads: houses there return a gross rental yield of 3.08%, compared with 2.66% in Upper Mount Gravatt, a gap of 0.42 percentage points.

Over the past year house prices moved +17.1% in Parkinson and +10.8% in Upper Mount Gravatt, so recent momentum favours Parkinson, although both suburbs recorded growth.

Looking back three years, Parkinson houses are +52.2% and Upper Mount Gravatt houses +38.1%, so Parkinson has compounded faster than Upper Mount Gravatt over the longer window.

Rental vacancy is 0.8% in Upper Mount Gravatt and 1.1% in Parkinson, so landlords in Upper Mount Gravatt face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Parkinson is the bigger suburb, with a population of 11,148 against 10,800, larger than Upper Mount Gravatt; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Parkinson for rental income, Parkinson for recent price momentum, Upper Mount Gravatt for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.