A mainly residential suburb 15km north of the Brisbane CBD, with its own railway station and an urban village planned on the former QUT campus.
Carseldine (postcode 4034) sits about 15 kilometres north of the Brisbane CBD, in the City of Brisbane. It is a mainly residential suburb of 10,093 people (2021 census), with Carseldine railway station on its eastern edge.
Carseldine ticked the fundamentals we screen every purchase against: a train line into the city, schools close by, and renewal next door, where plans for a 900-home urban village on the former QUT campus were announced in 2016.
A Meridian client secured a Carseldine townhouse at Northpoint for $440,000. In September 2025, a comparable three-bedroom, two-bathroom townhouse, 15/18 Denver Road, sold for $819,500 (Image Property; domain.com.au, 20 September 2025). On comparable-sales analysis, that puts our client’s property up approximately $379,500 (86.3%), while current rent of $700 per week represents an 8.27% gross yield on the original purchase price: growth and cash flow from the same asset.
“Growth and cash flow from the same asset. The property that grew $379,500 also collects $36,400 a year in rent. This is the outcome the strategy is designed for, not one or the other.”
Meridian Research
Carseldine railway station sits on the suburb’s eastern edge, with services to the CBD and north.
The former QUT campus is being repurposed, with plans announced in 2016 for the 900-home Carseldine Urban Village.
Aspley State High School and Holy Spirit College in neighbouring Fitzgibbon serve local families.
Secured at $440,000, it now rents at $700 per week: an 8.27% gross yield on the purchase price.
“The thought of buying an investment property seemed so overwhelming and confusing, until we were introduced to Adam and the Meridian team. They were extremely professional and transparent, allowing us to move forward with confidence. So grateful for their help and expertise.”
Kate Woods · 5-star Google review
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