Proserpine QLD Property Investment
Mackay · 4800 · Score: 55/100 · Hold
Proserpine Short-Term Rental (Airbnb) Market
Estimated revenue assumes year-round availability. Non-hosted short-stays are night-capped in some councils (e.g. 60 nights across most of Byron Shire, 180 in Ballina, Muswellbrook and parts of Greater Sydney) and levied in Victoria — the legal cap can cut achievable income well below this figure. Run STR Check for the rules on a specific address.
Proserpine QLD Investment Brief
HOLD — 5.2% gross yield on a $618,828 median.
THE MARKET
Proserpine has compounded at 2.4%/yr over 5 years — a house that cost $549,630 in 2021 is worth $618,828 today. Properties are sitting on market for 82 days (buyers have negotiating room). At the same growth rate, today's median reaches $696,738 by 2031.
- Median house: $618,828 | Units: $497,408
- Gross yield: 5.2% | Net yield: 3.7%
- 5yr price CAGR: 2.4%/yr | 3yr forecast: 13.5%/yr
- Population: 3,614 | Owner-occupier rate: 75% | Affluence: Average
- Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- Vacancy: 3.0% (stable) | Rental demand: Moderate
- Median weekly rent: $620/wk | Days on market: 82 (worsening)
- Tenant market — vacancy elevated, negotiate hard on rent.
SHORT-TERM RENTAL
- Median nightly rate: $464/night | Occupancy: 44%
- Estimated annual STR gross: ~$74,448/yr
- vs long-term rent: $32,240/yr (+131% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Standard suburban transport access
BULL CASE
If Proserpine maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $711,652 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Proserpine pull back 10-15% from $618,828, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- Distance from CBD may limit long-term capital growth potential
- - Flood risk: MODERATE (qld_elevation_proxy) — part of the suburb sits near waterways or in a mapped flood-prone area
COMPARABLE MARKETS
- Wondai (QLD): $520,084 median, 4.4% yield, 23.4% 1yr growth
- Emerald (QLD): $625,811 median, 4.8% yield, 22.1% 1yr growth
- Yarraman (QLD): $541,826 median, 3.4% yield, 21.1% 1yr growth
THE PLAY
Proserpine offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 5.7%.
- Entry range: $556,945 – $680,711
- Minimum gross yield to target: 5.5%
- Watch signal: vacancy dropping below 2% and days on market falling below 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
Growth Forecast
low confidenceBasis: 5yr CAGR 2.4% + 10yr CAGR 4.2%
- +Above-average population growth (1.6%/yr)
- −Slow market (82 days avg) — buyer hesitancy
- −High supply pipeline (2359 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-06
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
350
2020
667
2021
468
2022
324
2023
550
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 4800
Decile 5 of 10 — Average
Population
10,081
Education (IEO)
2/10
Econ. Resources (IER)
6/10
10-Year Investment Projection
Modelled on Proserpine QLD data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $620/wk median rent for Proserpine. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
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.
Nearby Suburbs
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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.