Pullenvale QLD Property Investment

Brisbane · 4069 · Score: 74/100 · Buy

Median House Price
$2.43M
Rental Yield
2.4%
Vacancy Rate
1.2%
Median Weekly Rent
$1125/wk
Median Unit Price
$1.30M
Population
3,276
Days on Market
22 days
Annual Growth
13.0%
AI Investment Analysis

Pullenvale QLD Investment Brief

BUY2.4% gross yield on a $2,426,002 median.

THE MARKET

Pullenvale has compounded at 5.0%/yr over 5 years — a house that cost $1,900,836 in 2021 is worth $2,426,002 today. Properties are sitting on market for 22 days (sellers have the leverage). At the same growth rate, today's median reaches $3,096,262 by 2031.

  • Median house: $2,426,002 | Units: $1,297,085
  • Gross yield: 2.4% | Net yield: 0.9%
  • 5yr price CAGR: 5.0%/yr | 3yr forecast: 13.5%/yr
  • Population: 3,276 | Owner-occupier rate: 85% | Affluence: Very High
  • Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

RENTAL SNAPSHOT

  • Vacancy: 1.2% (improving) | Rental demand: Very High
  • Median weekly rent: $1,125/wk | Days on market: 22 (improving)
  • Landlord market — rents likely to keep rising.

SHORT-TERM RENTAL

Insufficient STR data for this suburb. Run a specific address analysis for property-level STR projections.

INFRASTRUCTURE & CATALYSTS

  • Cross River Rail (Brisbane) (Under Construction)
  • Brisbane 2032 Olympic Games Infrastructure (Announced)
  • Transport: Well-connected inner-city location

BULL CASE

If Pullenvale maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $2,789,902 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Pullenvale pull back 10-15% from $2,426,002, with vacancy rising to 2.2% and rental yields softening as tenants gain leverage.

KEY RISKS

  • Premium price point limits buyer pool and increases interest rate sensitivity
  • - Flood risk: MODERATE (qld_arcgis) — part of the suburb sits near waterways or in a mapped flood-prone area

COMPARABLE MARKETS

  • Sheldon (QLD): $1,826,105 median, 1.8% yield, 10.9% 1yr growth
  • Wilston (QLD): $1,992,493 median, 2.1% yield, 2.8% 1yr growth
  • Tallebudgera Valley (QLD): $2,288,389 median, 2.5% yield, -0.7% 1yr growth

THE PLAY

Pullenvale presents a compelling investment opportunity. The combination of solid fundamentals and very high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 2.4% and prioritise properties with value-add potential. Consider timing entry around the current stable phase of the market cycle.

  • Entry range: $2,183,402$2,668,602
  • Minimum gross yield to target: 4.5%
  • Watch signal: vacancy staying below 2% and days on market holding under 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

Pre-gentrification3.5/10
High SEIFA decile — already upgraded or established affluent area
Moderate capital growth (5.0% CAGR)
Inner/middle ring location (14.2km to CBD) — high gentrification corridor
Active development pipeline (39794 approvals) — supply attracting new residents

Growth Forecast

high confidence
1yr Forecast
4.9%
p.a.
2yr Forecast
4.5%
p.a.
5yr Forecast
3.9%
p.a.

Basis: 5yr CAGR 5.0% + 10yr CAGR 4.8%

Growth drivers
  • +Very tight rental market (vacancy 1.2%) — upward price pressure
  • +Active market (22 days avg)
Headwinds
  • High supply pipeline (39794 new approvals) — may cap price growth

Suburb Metric Thresholds

9 green4 yellow2 red
Rental Vacancy Rate
1.2 high impact
Days on Market
22 high impact
Weekly Rent (house)
1125 medium impact
5yr Price CAGR
4.96 high impact
10yr Price CAGR
4.81 high impact
1yr Price Growth
13.02 medium impact
Population Growth
1.11 high impact
Median Household Income
3019 medium impact
Unemployment Rate
4.2 medium impact
Public Transport Score
No data medium impact
School Zone Quality
8.4 medium impact
Distance to CBD
14.2 medium impact
SEIFA Advantage/Disadvantage
10 medium impact
Owner Occupier Rate
84.8 medium impact
Gross Rental Yield (%)
2.41 high impact
Net Rental Yield (%)
0.91 high impact

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

7,221

2020

8,891

2021

8,353

2022

8,044

2023

7,285

2025

New dwelling approvals — higher numbers mean more future supply

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 4069

Most disadvantagedLeast disadvantaged

Decile 10 of 10 — Low disadvantage

Population

35,527

Education (IEO)

10/10

Econ. Resources (IER)

10/10

10-Year Investment Projection

Modelled on Pullenvale QLD data — rent, capital growth, tax, and depreciation over 10 years.

Pre-filled: $1125/wk median rent for Pullenvale. Capital growth and rent increase are editable assumptions.

Schools

In your catchment

Pullenvale SS
PrimaryGovernment
8.4/10
Kenmore SHS
SecondaryGovernment
8.2/10

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.

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Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.