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Diamond Head vs Wavell Heights — which is best for yield?

Same eight metrics, scored against the same benchmark, ranked against a $1.50Mbudget. Look for where one suburb is materially ahead — that's the dimension that should sway your call.

  1. Diamond Head

    QLD · 4551
    64Strong
    Median
    $1.30M
    5y growth
    11.8%/yr
    GrowthStable entry point

  2. Wavell Heights

    QLD · 4012
    65Strong
    Median
    $1.09M
    5y growth
    11.2%/yr
    GrowthGrowth-led, low cashflow

Metric breakdown

Each row scores 0–100 against a fixed benchmark. The leader on each row is highlighted.

Metric · weight
Diamond Head
Wavell Heights
Capital growth (5y)
weight 22%
10011.8%/yr
10011.2%/yr
Rental yield
weight 13%
683.4%
402.0%
Rental demand
weight 10%
731.1%
731.1%
Population growth
weight 12%
10010.0%
10010.0%
Income growth
weight 12%
6015.0%
7619.0%
Construction pipeline
weight 15%
0–
0–
Affordability
weight 8%
1313% under cap
2727% under cap
Supply tightening
weight 8%
65-3.0% YoY
90-8.0% YoY

Winner per dimension

Where each suburb leads the field, with the count of dimensions won.

  1. Diamond Head

    1/8
    • Rental yield

  2. Wavell Heights

    3/8
    • Income growth
    • Affordability
    • Supply tightening

Why Diamond Head

Stable entry point

11.8%/yr capital growth, population +10.0% (5y).

Drivers
  • Capital growth11.8%/yr
  • Population growth+10.0% (5y)
  • Tight rentals1.1%
  • Rental yield3.4%
Risks
  • No major construction project in this state

Construction ·Gold Coast Light Rail Stage 3413.1 kmConstruction · 2025

Why Wavell Heights

Growth-led, low cashflow

11.2%/yr capital growth, population +10.0% (5y).

Drivers
  • Capital growth11.2%/yr
  • Population growth+10.0% (5y)
  • Supply tightening-8.0% YoY
  • Income growth+19.0% (5y)
Risks
  • Thin gross yield (2.0%)
  • No major construction project in this state

Construction ·Cross River Rail — Roma Street8.8 kmConstruction · 2026