The cheapest entry in the group ($400k) with the strongest 12-month growth (40.4%) and, on paper, the best yield (5.7%), ~5-7 min to the CBD.
Crime runs well above the QLD average (1 in 9 property odds) and the stock is old high-set timber the fund can't borrow to repair.
The flood IS the suburb — evacuated in 2011, insurers refuse or heavily load cover, and the ~33% discount to Wandal is the market pricing that risk. Uninsurable or barely-insurable ground is a direct SMSF liquidity gate, and the protective levee is unfunded (~$105M short).
On the SMSF lens the flood is close to disqualifying: an asset you can't affordably insure can't be safely held in a leveraged fund, no matter how strong the yield or growth looks. Only conceivable on the highest-set block with a written, affordable flood-cover quote in hand before offer — otherwise pass.
| Dimension | Verdict | Why |
|---|---|---|
| Capital growth | ✓ Good | 21.4% compound over 5 yrs, 40.4% last 12m. Past growth is already in the price — sustaining it depends on the supply picture below. trend data (this DB) |
| Rental yield | ✓ Good | 5.7% gross — strong; can approach self-funding at LRBA rates. PropTrack via suburb page |
| Flood risk | ✗ Bad | Rockhampton's worst-affected suburb — low-lying between river and swamp, evacuated in 2011 (9.2m); insurers refuse cover or quote it expensively, and houses average ~33% below comparable Wandal, a discount the market attributes to flood. Prime target of the still-unbuilt levee. Flood factpack — NASA 2011; ABC/MSN 2022; ACCC Insurance Inquiry 2017-20 |
| Crime | ✗ Bad | 230.2/1,000, rank 43/100 ('relatively unsafe'), property-crime odds 1 in 9; the profile skews drugs/property-damage (Burglary 26, MVT 11 are modest in absolute terms for a small suburb), +10.1% YoY. Crime factpack — RedSuburbs/QPS 2025 |
| Infrastructure | ◐ Mixed | ~5-7 min to the CBD and bus-served, but a small industrial-edge residential pocket hemmed by the river, port and rail line with little amenity of its own. Transport factpack — Kinetic/Translink 2025 |
| Owner-occupier appeal | ◐ Mixed | 63% owned / 34% rented, 62% family households — balanced: resale depth plus a proven tenant pool. ABS via suburb page |
| New supply risk | ✓ Good | Built-out with no greenfield, but supply is effectively capped by flood constraint rather than desirability — the scarcity here is a symptom, not a strength. Supply factpack — RRC 2025 |
| Distance to rail | ✓ Good | As transport access, strong — ~5-7 min to the CBD core on sealed roads with named bus coverage (the region has no commuter rail). Transport factpack — Kinetic/Translink 2025 |
| Housing stock & upkeep | ✗ Bad | Predominantly old high-set timber Queenslanders (the high-set form is why they survived 2011) — heavy upkeep the LRBA cannot fund. editorial — stock-age judgment; Flood factpack |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $154,000 | 25 |
| 2021-08-31 | $154,500 | 28 |
| 2021-09-30 | $155,000 | 29 |
| 2021-10-31 | $160,000 | 36 |
| 2021-11-30 | $160,000 | 34 |
| 2021-12-31 | $160,000 | 36 |
| 2022-01-31 | $160,000 | 38 |
| 2022-02-28 | $160,000 | 38 |
| 2022-03-31 | $160,000 | 38 |
| 2022-04-30 | $162,000 | 37 |
| 2022-05-31 | $165,000 | 38 |
| 2022-06-30 | $178,000 | 39 |
| 2022-07-31 | $180,000 | 42 |
| 2022-08-31 | $180,000 | 39 |
| 2022-09-30 | $185,000 | 37 |
| 2022-10-31 | $182,500 | 32 |
| 2022-11-30 | $182,500 | 32 |
| 2022-12-31 | $185,000 | 31 |
| 2023-01-31 | $190,000 | 33 |
| 2023-02-28 | $198,750 | 32 |
| 2023-03-31 | $201,000 | 34 |
| 2023-04-30 | $198,750 | 34 |
| 2023-05-31 | $202,000 | 33 |
| 2023-06-30 | $206,000 | 32 |
| 2023-07-31 | $199,750 | 28 |
| 2023-08-31 | $203,500 | 32 |
| 2023-09-30 | $203,000 | 37 |
| 2023-10-31 | $202,500 | 40 |
| 2023-11-30 | $205,000 | 43 |
| 2023-12-31 | $205,000 | 42 |
| 2024-01-31 | $205,000 | 40 |
| 2024-02-29 | $205,000 | 39 |
| 2024-03-31 | $205,000 | 37 |
| 2024-04-30 | $209,500 | 40 |
| 2024-05-31 | $209,500 | 42 |
| 2024-06-30 | $226,500 | 48 |
| 2024-07-31 | $230,000 | 54 |
| 2024-08-31 | $250,000 | 54 |
| 2024-09-30 | $255,000 | 54 |
| 2024-10-31 | $260,000 | 55 |
| 2024-11-30 | $260,000 | 53 |
| 2024-12-31 | $260,000 | 52 |
| 2025-01-31 | $263,000 | 52 |
| 2025-02-28 | $261,000 | 53 |
| 2025-03-31 | $263,000 | 54 |
| 2025-04-30 | $265,000 | 53 |
| 2025-05-31 | $270,000 | 53 |
| 2025-06-30 | $285,000 | 51 |
| 2025-07-31 | $307,500 | 46 |
| 2025-08-31 | $310,000 | 42 |
| 2025-09-30 | $327,500 | 38 |
| 2025-10-31 | $337,500 | 34 |
| 2025-11-30 | $340,000 | 31 |
| 2025-12-31 | $345,000 | 32 |
| 2026-01-31 | $352,500 | 30 |
| 2026-02-28 | $370,000 | 35 |
| 2026-03-31 | $370,000 | 33 |
| 2026-04-30 | $380,000 | 31 |
| 2026-05-31 | $380,000 | 27 |
| 2026-06-30 | $400,000 | 23 |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $280/wk | 24 |
| 2021-08-31 | $280/wk | 26 |
| 2021-09-30 | $283/wk | 28 |
| 2021-10-31 | $288/wk | 28 |
| 2021-11-30 | $290/wk | 29 |
| 2021-12-31 | $315/wk | 28 |
| 2022-01-31 | $320/wk | 24 |
| 2022-02-28 | $323/wk | 22 |
| 2022-03-31 | $323/wk | 22 |
| 2022-04-30 | $345/wk | 20 |
| 2022-05-31 | $340/wk | 23 |
| 2022-06-30 | $340/wk | 23 |
| 2022-07-31 | $340/wk | 22 |
| 2022-08-31 | $345/wk | 22 |
| 2022-09-30 | $338/wk | 22 |
| 2022-10-31 | $320/wk | 21 |
| 2022-11-30 | $320/wk | 20 |
| 2022-12-31 | $340/wk | 18 |
| 2023-01-31 | $360/wk | 21 |
| 2023-02-28 | $360/wk | 21 |
| 2023-03-31 | $360/wk | 22 |
| 2023-04-30 | $360/wk | 23 |
| 2023-05-31 | $360/wk | 22 |
| 2023-06-30 | $360/wk | 23 |
| 2023-07-31 | $360/wk | 23 |
| 2023-08-31 | $358/wk | 22 |
| 2023-09-30 | $365/wk | 21 |
| 2023-10-31 | $370/wk | 21 |
| 2023-11-30 | $378/wk | 22 |
| 2023-12-31 | $375/wk | 23 |
| 2024-01-31 | $378/wk | 24 |
| 2024-02-29 | $375/wk | 23 |
| 2024-03-31 | $375/wk | 21 |
| 2024-04-30 | $378/wk | 22 |
| 2024-05-31 | $380/wk | 21 |
| 2024-06-30 | $380/wk | 21 |
| 2024-07-31 | $380/wk | 22 |
| 2024-08-31 | $390/wk | 23 |
| 2024-09-30 | $390/wk | 23 |
| 2024-10-31 | $395/wk | 25 |
| 2024-11-30 | $393/wk | 24 |
| 2024-12-31 | $395/wk | 21 |
| 2025-01-31 | $410/wk | 20 |
| 2025-02-28 | $400/wk | 21 |
| 2025-03-31 | $400/wk | 23 |
| 2025-04-30 | $410/wk | 24 |
| 2025-05-31 | $420/wk | 24 |
| 2025-06-30 | $420/wk | 26 |
| 2025-07-31 | $423/wk | 26 |
| 2025-08-31 | $425/wk | 29 |
| 2025-09-30 | $428/wk | 28 |
| 2025-10-31 | $430/wk | 26 |
| 2025-11-30 | $430/wk | 25 |
| 2025-12-31 | $430/wk | 27 |
| 2026-01-31 | $430/wk | 27 |
| 2026-02-28 | $430/wk | 27 |
| 2026-03-31 | $430/wk | 27 |
| 2026-04-30 | $440/wk | 28 |
| 2026-05-31 | $440/wk | 29 |
| 2026-06-30 | $440/wk | 28 |
| 2 bed | 3 bed | 4 bed | 5+ bed | |
|---|---|---|---|---|
| Median price | $405k | $360k | $488k | — |
| Median rent | $420/wk | $480/wk | $450/wk | — |
| Implied yield | 5.4% | 6.9% | 4.8% | — |
| School | Level | Grades | Sector | Students |
|---|---|---|---|---|
| Depot Hill State School | Primary | Prep-6 | Government | 58 |
| Address | Sold price |
|---|---|
| 285 East Street, Depot Hill | $450,000 |
| 484 Bolsover Street, Depot Hill | $450,000 |
| 50 Wharf Street, Depot Hill | $435,000 |
| 418 Quay Street, Depot Hill | $410,000 |
| 387 Bolsover Street, Depot Hill | $400,000 |
| 299 East Street, Depot Hill | $380,000 |
| 44 Wood Street, Depot Hill | $360,000 |
| 4 Wood Street, Depot Hill | $335,000 |
| 9 Jane Street, Depot Hill | $320,000 |