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Suburb Insights ยท QLD 4702

Comet 4702, Queensland

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Comet is a coastal suburb in Queensland, Australia, with a population of approximately 360, making it a boutique locality. Located approximately 616 km from the Brisbane CBD, Comet is a coastal area in Queensland. The median household income is $133,900 AUD per year (ABS 2021 Census).

Investment Score

57 / 100 Moderate

Strong household incomes in Comet underpin solid property demand. The coastal setting provides a lifestyle factor that underpins property values.

Location

Map shows Comet, Queensland, Australia.

Key Indicators

Postcode
4702

Official Australia Post postcode for Comet. A postcode may cover multiple suburbs.

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Population
360

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$150/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$133,900/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
616 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,167/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
81% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Comet, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Queensland consistently attract interstate migration and lifestyle buyers. The median rent of $150/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. A median household income of $133,900/year supports premium property values and indicates a well-employed resident base. 81% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Comet could work well with careful property selection and a longer time horizon.

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Rental Yield

Rental yields in Comet tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Limited buyer depth in Comet makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Comet property

Full Property Analysis

30-year projections for Comet

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Growth in Comet through 2026 will likely be steady rather than spectacular, tracking the wider market. Tenants in Comet have options โ€” presenting well-maintained properties is key to minimising vacancy. The market mood around Comet is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Comet a good suburb for investment?

Comet is a coastal area in Queensland with a population of 360. The median rent is $150/week and the median household income is $133,900/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Comet?

Key demand drivers in Comet include lifestyle appeal and proximity to the coast. 81% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Comet?

According to the ABS 2021 Census, Comet has a population of approximately 360. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Comet from the Brisbane CBD?

Comet is approximately 616 km straight-line distance from the Brisbane CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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