Homebush QLD Property Investment
Mackay · 4740 · Score: 50/100 · Hold
Homebush Short-Term Rental (Airbnb) Market
Homebush QLD Investment Brief
HOLD — 2.4% gross yield on a $744,955 median.
THE MARKET
Homebush has compounded at 0.8%/yr over 5 years — a house that cost $715,859 in 2021 is worth $744,955 today. Properties are sitting on market for 45 days (roughly balanced conditions). At the same growth rate, today's median reaches $775,234 by 2031.
- Median house: $744,955 | Units: $145,790
- Gross yield: 2.4% | Net yield: 0.9%
- 5yr price CAGR: 0.8%/yr | 3yr forecast: 13.5%/yr
- Population: 262 | Owner-occupier rate: 64% | Affluence: Above Average
- Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- Vacancy: 3.0% (stable) | Rental demand: Moderate
- Median weekly rent: $340/wk | Days on market: 45 (stable)
- Tenant market — vacancy elevated, negotiate hard on rent.
SHORT-TERM RENTAL
- Median nightly rate: $363/night | Occupancy: 44%
- Estimated annual STR gross: ~$58,298/yr
- vs long-term rent: $17,680/yr (+230% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- Bruce Highway Upgrade Program (under_construction)
- Transport: Standard suburban transport access
BULL CASE
If Homebush maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $856,698 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Homebush pull back 10-15% from $744,955, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- Distance from CBD may limit long-term capital growth potential
COMPARABLE MARKETS
- Brendale (QLD): $830,027 median, 3.8% yield, 16.2% 1yr growth
- Griffin (QLD): $960,000 median, 3.7% yield, 14.0% 1yr growth
- Deception Bay (QLD): $950,225 median, 3.3% yield, 15.4% 1yr growth
THE PLAY
Homebush offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.
- Entry range: $670,460 – $819,451
- Minimum gross yield to target: 4.5%
- Watch signal: vacancy dropping below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
high confidenceBasis: 5yr CAGR 0.8% + 10yr CAGR 2.0%
- −High supply pipeline (2359 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-04
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
350
2020
667
2021
468
2022
324
2023
550
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 4740
Decile 5 of 10 — Average
Population
85,500
Education (IEO)
3/10
Econ. Resources (IER)
5/10
10-Year Investment Projection
Modelled on Homebush QLD data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $340/wk median rent for Homebush. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Nearby Suburbs
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.