Strong recent numbers for a fund: 20.9% 12-month growth to a $520k median, a genuine 5.2% yield, and 48% of homes rented with 10:1 room demand (a deep tenant pool), all ~3-5 min to the CBD and hospital.
A named crime hotspot — property-crime odds 1 in 6, +26.6% YoY — means tougher tenant screening, higher turnover and rising landlord insurance; the pre-war timber stock loads repairs the LRBA can't fund.
Low streets sit on the Fitzroy flood plain and Allenstown is a target for a levee that isn't built (~$105M funding gap) — flood insurance on the wrong street is a rising, uncontrollable draw on fund liquidity.
A rare regional suburb where the yield actually works inside an LRBA (5.2% helps cover holding costs), but only on a dry, elevated street with the least-dated house available and hard tenant screening. Gate on an address-level council Flood Check; the crime and old-stock loads are the trade for the income.
| Dimension | Verdict | Why |
|---|---|---|
| Capital growth | ✓ Good | 13.4% compound over 5 yrs, 20.9% last 12m. Past growth is already in the price — sustaining it depends on the supply picture below. trend data (this DB) |
| Rental yield | ✓ Good | 5.2% gross — strong; can approach self-funding at LRBA rates. PropTrack via suburb page |
| Flood risk | ◐ Mixed | Low-lying streets inundate at ~9m on the Fitzroy gauge (near the 2011 peak of 9.2m) and Allenstown is a named target of the unbuilt South Rockhampton Flood Levee; the bulk of the suburb sits higher than the river core, so exposure is street-dependent — check the address on council mapping. Flood factpack — SBS 2017; RRC/Council levee plan 2020 |
| Crime | ✗ Bad | A named LGA hotspot — 317.5/1,000, rank 56/100 ('very unsafe'), the highest normalised rate among genuinely residential inner suburbs; 76 break-ins and 22 vehicle thefts in a 2,762-person suburb, property-crime odds 1 in 6 vs QLD 1 in 23, +26.6% YoY. Crime factpack — RedSuburbs/QPS 2025 |
| Infrastructure | ✓ Good | Inner-south, ~3-5 min to the CBD and ~10 min to Rockhampton Base Hospital (The Range); bus-served on named routes, with Allenstown shops and schools in the suburb. Transport factpack — Kinetic/Translink 2025 |
| Owner-occupier appeal | ◐ Mixed | 51% owned / 48% rented, 51% family households — balanced: resale depth plus a proven tenant pool. ABS via suburb page |
| New supply risk | ✓ Good | Built-out inner character suburb adjacent the CBD with no greenfield land and only minimal unit/townhouse infill; the region's detached-house supply is aimed at Parkhurst/Gracemere, not here. Supply factpack — RRC 2025 |
| Distance to rail | ✓ Good | No commuter rail anywhere in the region; as transport access it is excellent — ~3-5 min to the CBD employment core on sealed arterials, on a named bus corridor. Transport factpack — Kinetic/Translink 2025 |
| Housing stock & upkeep | ✗ Bad | Pre-war timber Queenslanders dominate — high-upkeep stock (restumping, roofing, painting) the LRBA cannot fund, with any improvement paid from fund cash. editorial — stock-age judgment |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $280,000 | 80 |
| 2021-08-31 | $275,000 | 79 |
| 2021-09-30 | $275,000 | 85 |
| 2021-10-31 | $282,500 | 80 |
| 2021-11-30 | $291,000 | 81 |
| 2021-12-31 | $282,500 | 80 |
| 2022-01-31 | $285,000 | 87 |
| 2022-02-28 | $290,500 | 90 |
| 2022-03-31 | $291,000 | 93 |
| 2022-04-30 | $290,000 | 93 |
| 2022-05-31 | $282,500 | 94 |
| 2022-06-30 | $288,750 | 100 |
| 2022-07-31 | $290,000 | 101 |
| 2022-08-31 | $297,000 | 102 |
| 2022-09-30 | $292,500 | 100 |
| 2022-10-31 | $292,500 | 110 |
| 2022-11-30 | $287,500 | 114 |
| 2022-12-31 | $296,000 | 112 |
| 2023-01-31 | $299,000 | 101 |
| 2023-02-28 | $299,500 | 98 |
| 2023-03-31 | $300,000 | 95 |
| 2023-04-30 | $299,000 | 93 |
| 2023-05-31 | $309,000 | 99 |
| 2023-06-30 | $306,900 | 95 |
| 2023-07-31 | $305,950 | 98 |
| 2023-08-31 | $307,950 | 92 |
| 2023-09-30 | $309,500 | 90 |
| 2023-10-31 | $312,500 | 82 |
| 2023-11-30 | $317,000 | 79 |
| 2023-12-31 | $318,500 | 78 |
| 2024-01-31 | $325,000 | 80 |
| 2024-02-29 | $325,000 | 86 |
| 2024-03-31 | $330,000 | 89 |
| 2024-04-30 | $338,250 | 88 |
| 2024-05-31 | $338,250 | 76 |
| 2024-06-30 | $339,500 | 74 |
| 2024-07-31 | $349,500 | 72 |
| 2024-08-31 | $350,000 | 72 |
| 2024-09-30 | $375,000 | 74 |
| 2024-10-31 | $380,000 | 81 |
| 2024-11-30 | $392,500 | 80 |
| 2024-12-31 | $395,000 | 79 |
| 2025-01-31 | $400,000 | 85 |
| 2025-02-28 | $415,500 | 80 |
| 2025-03-31 | $433,500 | 78 |
| 2025-04-30 | $425,000 | 80 |
| 2025-05-31 | $433,500 | 86 |
| 2025-06-30 | $430,000 | 89 |
| 2025-07-31 | $446,000 | 87 |
| 2025-08-31 | $450,000 | 89 |
| 2025-09-30 | $480,000 | 91 |
| 2025-10-31 | $483,000 | 88 |
| 2025-11-30 | $491,000 | 93 |
| 2025-12-31 | $491,000 | 98 |
| 2026-01-31 | $495,000 | 91 |
| 2026-02-28 | $491,000 | 95 |
| 2026-03-31 | $495,900 | 96 |
| 2026-04-30 | $499,000 | 95 |
| 2026-05-31 | $520,000 | 95 |
| 2026-06-30 | $520,000 | 93 |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $330/wk | 47 |
| 2021-08-31 | $330/wk | 50 |
| 2021-09-30 | $335/wk | 48 |
| 2021-10-31 | $340/wk | 47 |
| 2021-11-30 | $350/wk | 45 |
| 2021-12-31 | $350/wk | 47 |
| 2022-01-31 | $345/wk | 46 |
| 2022-02-28 | $330/wk | 48 |
| 2022-03-31 | $330/wk | 47 |
| 2022-04-30 | $340/wk | 46 |
| 2022-05-31 | $350/wk | 41 |
| 2022-06-30 | $350/wk | 40 |
| 2022-07-31 | $370/wk | 43 |
| 2022-08-31 | $373/wk | 46 |
| 2022-09-30 | $380/wk | 43 |
| 2022-10-31 | $380/wk | 41 |
| 2022-11-30 | $380/wk | 41 |
| 2022-12-31 | $380/wk | 42 |
| 2023-01-31 | $390/wk | 45 |
| 2023-02-28 | $400/wk | 45 |
| 2023-03-31 | $420/wk | 43 |
| 2023-04-30 | $420/wk | 44 |
| 2023-05-31 | $430/wk | 43 |
| 2023-06-30 | $430/wk | 47 |
| 2023-07-31 | $425/wk | 46 |
| 2023-08-31 | $430/wk | 45 |
| 2023-09-30 | $440/wk | 44 |
| 2023-10-31 | $450/wk | 48 |
| 2023-11-30 | $450/wk | 48 |
| 2023-12-31 | $450/wk | 50 |
| 2024-01-31 | $450/wk | 48 |
| 2024-02-29 | $450/wk | 52 |
| 2024-03-31 | $450/wk | 50 |
| 2024-04-30 | $450/wk | 47 |
| 2024-05-31 | $450/wk | 46 |
| 2024-06-30 | $450/wk | 46 |
| 2024-07-31 | $450/wk | 44 |
| 2024-08-31 | $450/wk | 43 |
| 2024-09-30 | $450/wk | 42 |
| 2024-10-31 | $440/wk | 43 |
| 2024-11-30 | $440/wk | 41 |
| 2024-12-31 | $435/wk | 40 |
| 2025-01-31 | $435/wk | 40 |
| 2025-02-28 | $440/wk | 40 |
| 2025-03-31 | $440/wk | 39 |
| 2025-04-30 | $450/wk | 40 |
| 2025-05-31 | $480/wk | 45 |
| 2025-06-30 | $480/wk | 48 |
| 2025-07-31 | $480/wk | 50 |
| 2025-08-31 | $480/wk | 48 |
| 2025-09-30 | $480/wk | 49 |
| 2025-10-31 | $480/wk | 54 |
| 2025-11-30 | $500/wk | 53 |
| 2025-12-31 | $500/wk | 51 |
| 2026-01-31 | $500/wk | 53 |
| 2026-02-28 | $500/wk | 55 |
| 2026-03-31 | $520/wk | 56 |
| 2026-04-30 | $520/wk | 58 |
| 2026-05-31 | $520/wk | 55 |
| 2026-06-30 | $520/wk | 52 |
| 2 bed | 3 bed | 4 bed | 5+ bed | |
|---|---|---|---|---|
| Median price | $455k | $505k | $650k | $850k |
| Median rent | $470/wk | $540/wk | $600/wk | $460/wk |
| Implied yield | 5.4% | 5.6% | 4.8% | 2.8% |
| School | Level | Grades | Sector | Students |
|---|---|---|---|---|
| Allenstown State School | Primary | Prep-6 | Government | 311 |
| The Cathedral College | Secondary | 7-12 | Catholic | 1,327 |
| Childcare centre | Rating | Reviews | Day rate |
|---|---|---|---|
| Allies Early Learning Centre | Meeting NQS | 4.6 ★ (7) | $112 |
| Address | Sold price |
|---|---|
| 218 Canning Street, Allenstown | $1,475,000 |
| 88 Upper Dawson Road, Allenstown | $835,000 |
| 256 William Street, Allenstown | $795,000 |
| 40 Separation Street, Allenstown | $750,000 |
| 106 Talford Street, Allenstown | $585,000 |
| 234 Talford Street, Allenstown | $565,000 |
| 2/23 Ross Street, Allenstown | $525,500 |
| 13 Oxford Street, Allenstown | $499,000 |
| 208 West Street, Allenstown | $480,000 |
| 2/33 Oswald Street, Allenstown | $435,000 |
| 55 John Street, Allenstown | $370,500 |
| 125 West Street, Allenstown | $365,000 |
| LGA | Subregion | Suburb | Address | Fit ▼ | Sub. Score | B/B/C | Land | Land $/m² | vs Sub. land | Land Idx | Price | Estimate | vs Est. | vs Bed Med. | Est. Yield | Suburb Yield | Risk |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rockhampton Region | Rockhampton CBD and Southside urban area | Allenstown | 7 Brae Ross Street | 7.2 | 6.9 | 3/2/1 | 854 m² | $1054 | ▲ 0% dearer | 6.1 | $900k | $895k | ▲ 0.6% above | 178% | 3.7% | 3.1% | clear |