Kenmore Short-Term Rental (Airbnb) Market
Kenmore QLD Investment Analysis
BUY
— 3.2% gross yield on a $1,400,000 median.
THE MARKET
Kenmore has compounded at 6.2%/yr over 5 years — a house that cost $1,036,348 in 2021 is worth $1,400,000 today. Properties are sitting on market for 23 days (sellers have the leverage). At the same growth rate, today's median reaches $1,891,257 by 2031.
- **Median house:** $1,400,000 | **Units:** $525,809 - **Gross yield:** 3.2% | **Net yield:** 1.7% - **5yr price CAGR:** 6.2%/yr | **3yr forecast:** 7.0%/yr - **Population:** 27,205 | **Owner-occupier rate:** 34% | **Affluence:** Very High
- **Supply pipeline:** Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- **Vacancy:** 2.0% (improving) | **Rental demand:** High - **Median weekly rent:** $850/wk | **Days on market:** 23 (improving) - Balanced market — vacancy manageable but monitor trend.
SHORT-TERM RENTAL
- **Median nightly rate:** $185/night | **Occupancy:** 70% - **Estimated annual STR gross:** ~$47,268/yr - **vs long-term rent:** $44,200/yr (comparable — LTR offers simpler management)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location
BULL CASE
If Kenmore maintains 3%+ annual growth and vacancy stays below 1.4%, median prices could reach $1,610,000 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Kenmore pull back 10-15% from $1,400,000, with vacancy rising to 3.6% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- **Albany Creek** (QLD): $1,200,000 median, 3.2% yield, 12.5% 1yr growth - **Albion** (QLD): $1,100,000 median, 3.1% yield, -13.0% 1yr growth - **Alderley** (QLD): $1,700,000 median, 2.0% yield, 21.8% 1yr growth
THE PLAY
Kenmore presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 3.2% and prioritise properties with value-add potential. Consider timing entry around the current growth phase of the market cycle.
- Entry range: $1,260,000 – $1,540,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy dropping 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.
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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.