Aberfeldie vs Lockington
Property investment comparison - Aberfeldie, VIC 3040 vs Lockington, VIC 3563
Head-to-head across core investment metrics: Aberfeldie wins 0, Lockington wins 4. 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.
| Metric | Aberfeldie | Lockington |
|---|---|---|
| Median house price | $1.8M | - |
| Median unit price | $685K | $360K |
| Gross rental yield (houses) | 1.98% | 3.30% |
| Gross rental yield (units) | - | 5.98% |
| 1-year house growth | -0.7%estimate | +5.2% |
| 3-year house growth | - | - |
| Vacancy rate | 1.5% | 1.4% |
| Population | 3,925 | 850 |
Aberfeldie vs Lockington: what the numbers say
For units, Aberfeldie sits at a median of $685K against $360K in Lockington, which makes Lockington the more affordable unit market and Aberfeldie the pricier one.
On cash flow, Lockington leads: houses there return a gross rental yield of 3.30%, compared with 1.98% in Aberfeldie, a gap of 1.32 percentage points.
Over the past year house prices moved -0.7% in Aberfeldie (an estimate) and +5.2% in Lockington, so recent momentum favours Lockington, while Aberfeldie went backwards.
Rental vacancy is 1.4% in Lockington and 1.5% in Aberfeldie, so landlords in Lockington 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 850, roughly 4.6 times the size of Lockington; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lockington for rental income, Lockington for recent price momentum, Lockington for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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