Derrymore vs Silver Ridge, true annual running costs compared 2026
Last updated July 2026 · council rates 2026-27 (QLD), ATO 91c/km, Translink fares, AER electricity benchmarks
Derrymore and Silver Ridge are both Lockyer Valley Regional Council suburbs, sitting 21.4 km and 25.6 km from Gatton CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
Derrymore runs $856 a year cheaper than Silver Ridge, driven mostly by the commute. Over 10 years at 3% growth that gap compounds to about $9,813.
Over 10 years, Derrymore costs about $9,800 less to run than Silver Ridge. That's about $19 a week.
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Silver Ridge
Annual cost breakdown
| Category | Derrymore | Silver Ridge | Difference |
|---|---|---|---|
| Council rates Official, 2026-27 | $1,395 | $1,395 | - |
| Water & sewerage Official, 2026-27 | $1,900 | $1,900 | - |
| Commute (driving) Modelled, 2026-27 | $5,478 | $6,084 | -$606 |
| Commute (public transport) Modelled, 2026-27 | $5,478 | $6,084 | -$606 |
| Home insurance Estimated | $2,400 | $2,650 | -$250 |
| Body corporate (unit) Estimated | $2,000 | $1,600 | +$400 |
| Total (driving) | $11,173 | $12,029 | -$856 |
| Total (public transport) | $11,173 | $12,029 | -$856 |
Totals exclude electricity, estimated separately below. Green = cheaper. Commute: ATO 91c/km, 220 working days. Insurance estimated from ACCC premium rates; actual premiums vary. Council rates: minimum residential general rate (QLD).
| Dwelling | Derrymore | Silver Ridge | Difference |
|---|---|---|---|
| House | $2,265 | $2,135 | +$130 |
| Unit | $1,874 | $1,776 | +$98 |
Estimated from AER residential benchmarks for each suburb's climate zone at 2026-27 regulated prices for each suburb's electricity network, including supply charge (AER Default Market Offer caps, or the QCA price in regional Queensland; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown, Derrymore vs Silver Ridge (2026-27)
What the numbers show
Derrymore costs $856 less per year to run by car. Held over ten years at 3% annual cost growth, that gap compounds to $9,813 in favour of Derrymore.
The biggest single gap is commute costs at $606 per year. Silver Ridge is 25.6 km from Gatton CBD, which drives higher annual driving costs at the ATO rate of 91c/km.
On public transport the gap is $856 per year, $11,173 from Derrymore versus $12,029 from Silver Ridge.
Where the difference actually comes from
- Council rates is identical at $1,395 a year.
- Water and sewerage is identical at $1,900 a year.
- Driving commute favours Derrymore by $606 a year, $5,478 against $6,084.
- Building insurance favours Derrymore by $250 a year, $2,400 against $2,650.
Both suburbs sit in the same council area, so the rates line is identical and none of the difference between them comes from council. What separates them is commute distance and the insurance band.
10-year cumulative cost projection
| Year | Derrymore cumulative | Silver Ridge cumulative | Difference |
|---|---|---|---|
| Year 1 | $11,173 | $12,029 | $856 |
| Year 3 | $34,535 | $37,180 | $2,645 |
| Year 5 | $59,319 | $63,864 | $4,545 |
| Year 10 | $128,086 | $137,899 | $9,813 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Derrymore or Silver Ridge cheaper to live in?
Derrymore is cheaper to run by car at $11,173 per year versus $12,029 for Silver Ridge, a difference of $856 annually. Figures cover council rates, water, commute (ATO 91c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Derrymore and Silver Ridge?
Annual council rates for a house are $1,395 in Derrymore (Lockyer Valley Regional Council) and $1,395 in Silver Ridge (Lockyer Valley Regional Council). Water and sewerage adds $1,900 in Derrymore and $1,900 in Silver Ridge. Both figures are the minimum residential general rate; properties on higher land value pay more.
How does the commute cost compare between Derrymore and Silver Ridge?
Annual driving commute costs are $5,478 from Derrymore and $6,084 from Silver Ridge to Gatton CBD (ATO 91c/km). No daily public transport commute is assumed from either suburb, so both are costed by car.
What is the 10-year cost difference between Derrymore and Silver Ridge?
At 3% annual cost growth, Derrymore costs a cumulative $128,086 and Silver Ridge costs $137,899 over 10 years by car. The cumulative difference is $9,813 in favour of Derrymore. Excludes purchase price, mortgage, and personal expenses.
Which of Derrymore and Silver Ridge suits you better?
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Sources: Lockyer Valley Regional Council and Lockyer Valley Regional Council rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 91c/km, and SuburbCost insurance estimates from ACCC premium rates. Data updated July 2026.