Aberfeldie vs Sawmill Settlement
Property investment comparison - Aberfeldie, VIC 3040 vs Sawmill Settlement, VIC 3723
Head-to-head across core investment metrics: Aberfeldie wins 1, Sawmill Settlement 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.
| Metric | Aberfeldie | Sawmill Settlement |
|---|---|---|
| Median house price | $1.8M | - |
| Median unit price | $685K | $545K |
| Gross rental yield (houses) | 1.98% | - |
| Gross rental yield (units) | - | 7.70% |
| 1-year house growth | -0.7%estimate | +1.8% |
| 3-year house growth | - | -5.9% |
| Vacancy rate | 1.5% | 1.8% |
| Population | 3,925 | 86 |
Aberfeldie vs Sawmill Settlement: what the numbers say
For units, Aberfeldie sits at a median of $685K against $545K in Sawmill Settlement, which makes Sawmill Settlement the more affordable unit market and Aberfeldie the pricier one.
Over the past year house prices moved -0.7% in Aberfeldie (an estimate) and +1.8% in Sawmill Settlement, so recent momentum favours Sawmill Settlement, while Aberfeldie went backwards.
Rental vacancy is 1.5% in Aberfeldie and 1.8% in Sawmill Settlement, 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 86, roughly 46 times the size of Sawmill Settlement; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Sawmill Settlement for recent price momentum, 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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Sawmill Settlement, VIC 3723
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