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Aberfeldie vs Heathmere

Property investment comparison - Aberfeldie, VIC 3040 vs Heathmere, VIC 3305

Head-to-head across core investment metrics: Aberfeldie wins 0, Heathmere wins 3. 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.

MetricAberfeldieHeathmere
Median house price$1.8M-
Median unit price$685K$345K
Gross rental yield (houses)1.98%2.01%
Gross rental yield (units)--
1-year house growth-0.7%estimate-
3-year house growth--
Vacancy rate1.5%0.8%
Population3,925238

Aberfeldie vs Heathmere: what the numbers say

For units, Aberfeldie sits at a median of $685K against $345K in Heathmere, which makes Heathmere the more affordable unit market and Aberfeldie the pricier one.

Gross rental yield on houses is effectively level, at 1.98% in Aberfeldie and 2.01% in Heathmere, so neither suburb has a cash flow edge on houses.

Rental vacancy is 0.8% in Heathmere and 1.5% in Aberfeldie, so landlords in Heathmere 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 238, roughly 16 times the size of Heathmere; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Heathmere 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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Aberfeldie vs Heathmere: Suburb Comparison 2026