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Koongal: where affordability meets high returns
With strong rental yields, rapid recent growth, and affordable entry points, Koongal stands out as a smart choice for investors seeking reliable returns, according to SPI’s FAST 50 report.
Koongal is among the top suburbs listed in Smart Property Investment’s 2026 FAST 50 report for savvy investors.
The Fast 50 report is an annual publication by Smart Property Investment designed to identify 50 Australian suburbs with strong growth potential over the next 12 months.
It combines expert insights from trusted property investors and real estate networks with detailed data analysis to highlight under-the-radar investment opportunities.
Unlike traditional reports, the Fast 50 focuses on future potential rather than past performance, offering investors a clear starting point for their research and due diligence.
Located in Rockhampton, Queensland, Koongal is a well-established suburb attracting families, professionals, and investors seeking affordable properties with strong growth potential.
The area offers a mix of traditional homes and larger family residences, catering to diverse buyers while supporting steady long-term capital growth.
Koongal is well-served with schools, parks, shops, and local amenities, providing residents with a convenient and connected lifestyle.
The suburb maintains solid rental demand, with a median rent of $475 per week and a gross rental yield of 5.6 per cent, making it appealing for investors seeking reliable returns.
Over the past 12 months, Koongal has recorded exceptional growth, with a median house price of $445,000, annual growth of 34.8 per cent, and an average annual growth rate of 6 per cent.
Its combination of affordability, strong rental returns, and rapid capital growth makes Koongal an attractive choice for families and investors seeking long-term property gains.
As Rockhampton continues to expand, Koongal’s affordability and proximity to employment hubs make it an attractive choice for homebuyers and investors seeking steady rental yields.
Check all the suburbs in the Fast 50 report here.
