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Aberfeldie vs Heathcote South

Property investment comparison - Aberfeldie, VIC 3040 vs Heathcote South, VIC 3523

Head-to-head across core investment metrics: Aberfeldie wins 1, Heathcote South wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricAberfeldieHeathcote South
Median house price$1.8M-
Median unit price$685K$430K
Gross rental yield (houses)1.98%2.93%
Gross rental yield (units)-4.84%
1-year house growth-0.7%estimate-
3-year house growth--
Vacancy rate1.5%2.1%
Population3,92522

Aberfeldie vs Heathcote South: what the numbers say

For units, Aberfeldie sits at a median of $685K against $430K in Heathcote South, which makes Heathcote South the more affordable unit market and Aberfeldie the pricier one.

On cash flow, Heathcote South leads: houses there return a gross rental yield of 2.93%, compared with 1.98% in Aberfeldie, a gap of 0.95 percentage points.

Rental vacancy is 1.5% in Aberfeldie and 2.1% in Heathcote South, so landlords in Aberfeldie face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Aberfeldie is the bigger suburb, with a population of 3,925 against 22, roughly 178 times the size of Heathcote South; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Heathcote South for rental income, Aberfeldie for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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