Shute Harbour vs Zillmere
Property investment comparison - Shute Harbour, QLD 4802 vs Zillmere, QLD 4034
Head-to-head across core investment metrics: Shute Harbour wins 3, Zillmere 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 | Shute Harbour | Zillmere |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $705K | $750K |
| Gross rental yield (houses) | 4.30% | 3.33% |
| Gross rental yield (units) | 4.61% | - |
| 1-year house growth | - | +19.6%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.0% | 1.2% |
| Population | 113 | 9,323 |
Shute Harbour vs Zillmere: what the numbers say
The median house price is $1.1M in Shute Harbour and $1.1M in Zillmere, so Zillmere is the cheaper entry point, with Shute Harbour houses about 1% dearer.
For units, Shute Harbour sits at a median of $705K against $750K in Zillmere, which makes Shute Harbour the more affordable unit market and Zillmere the pricier one.
On cash flow, Shute Harbour leads: houses there return a gross rental yield of 4.30%, compared with 3.33% in Zillmere, a gap of 0.97 percentage points.
Rental vacancy is 1.0% in Shute Harbour and 1.2% in Zillmere, so landlords in Shute Harbour face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Zillmere is the bigger suburb, with a population of 9,323 against 113, roughly 83 times the size of Shute Harbour; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Shute Harbour for rental income, Zillmere for a lower purchase price, Shute Harbour 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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