Suburb report · QLD 4895
Cooktown
Prepared by the property strategists at Chase Wealth Australia
Report generated on 3 July 2026
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Investment Score
Moderate Growth
Cooktown sits in the middle band of the Queensland market with broad-based demand, with houses at $730k and units at $453k. Strong annual growth of 9.6% reflects sustained demand.
Median House Price
$730,000
+9.6% p.a.
Median Unit Price
$452,500
+6.9% p.a.
Gross Rental Yield
5.9%
Population
24,039
Median Price History
Location
Rental Market
Demographics
Market Insights & Analysis
Strong GrowthKey Price Drivers
- Family-driven demand for established housing stock in the middle price band
- Rental vacancy of 1.9% keeping investor holding conditions comfortable
- Gross yields around 5.9% supporting cash-flow-positive strategies at current lending rates
- Infrastructure investment in the surrounding region lifting long-term demand fundamentals
Recent Developments
- New transport and services investment improving connectivity to employment hubs
- Sustained interstate and intrastate migration into Queensland supporting buyer depth
- Local planning changes opening selective medium-density opportunities
Outlook
The suburb is positioned for continued steady appreciation, driven by scarcity value and lifestyle demand. Growth rates may moderate from current levels as the market cycle matures.
Strengths & Risks
Strengths
- + Balanced market profile appealing to both investors and owner-occupiers
- + House price momentum of 9.6% p.a. with compounding upside if sustained
- + Gross rental yield of 5.9% supporting serviceability and cash flow
- + High owner-occupier share (76.3%) stabilising the neighbourhood profile
Risks
- – Economic sensitivity affecting discretionary spending and rental demand during downturns
- – Regulatory and lending changes affecting investor appetite and property management costs
Investment Consideration
A balanced proposition with strong growth momentum and reliable rental demand, suited to investors with substantial capital seeking long-term appreciation in an established market.
Price Growth Summary
| Annual | 3yr est. | 5yr est. | |
|---|---|---|---|
| Houses | +9.6% | +31.7% | +58.1% |
| Units | +6.9% | +22.2% | +39.6% |
Growth Projection Calculator
See what your investment could be worth if current growth trends continue.
| Timeframe | Projected value | Capital gain |
|---|---|---|
| 5 years | $1,154,451 | +$424,451 |
| 10 years | $1,825,696 | +$1,095,696 |
| 15 years | $2,887,229 | +$2,157,229 |
| 20 years | $4,565,979 | +$3,835,979 |
Projections use a compounding growth rate capped at 10% p.a. Defaults are pre-filled from this suburb's modelled house data (9.6% p.a.). Past performance does not guarantee future results. Figures are illustrative only.
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clients guided the whole way
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client retention rate
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This report is modelled market intelligence prepared by Chase Wealth Australia for general information only. Figures are statistical estimates for the suburb, not valuations of any individual property, and do not constitute financial or credit advice. Consider your circumstances and seek professional advice before acting. Estimates are modelled from suburb-level indicators including price tiers, rental conditions and demographic profiles.