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Aberfeldie vs Leichardt

Property investment comparison - Aberfeldie, VIC 3040 vs Leichardt, VIC 3516

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

MetricAberfeldieLeichardt
Median house price$1.8M-
Median unit price$685K$285K
Gross rental yield (houses)1.98%3.00%
Gross rental yield (units)-6.49%
1-year house growth-0.7%estimate-
3-year house growth--
Vacancy rate1.5%0.8%
Population3,925167

Aberfeldie vs Leichardt: what the numbers say

For units, Aberfeldie sits at a median of $685K against $285K in Leichardt, which makes Leichardt the more affordable unit market and Aberfeldie the pricier one.

On cash flow, Leichardt leads: houses there return a gross rental yield of 3.00%, compared with 1.98% in Aberfeldie, a gap of 1.02 percentage points.

Rental vacancy is 0.8% in Leichardt and 1.5% in Aberfeldie, so landlords in Leichardt 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 167, roughly 24 times the size of Leichardt; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Leichardt for rental income, Leichardt 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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