Aberfeldie vs Toolern Vale
Property investment comparison - Aberfeldie, VIC 3040 vs Toolern Vale, VIC 3337
Head-to-head across core investment metrics: Aberfeldie wins 1, Toolern Vale 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 | Toolern Vale |
|---|---|---|
| Median house price | $1.8M | - |
| Median unit price | $685K | $660K |
| Gross rental yield (houses) | 1.98% | 2.47% |
| Gross rental yield (units) | - | 3.04% |
| 1-year house growth | -0.7%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.5% | 3.3% |
| Population | 3,925 | 818 |
Aberfeldie vs Toolern Vale: what the numbers say
For units, Aberfeldie sits at a median of $685K against $660K in Toolern Vale, which makes Toolern Vale the more affordable unit market and Aberfeldie the pricier one.
On cash flow, Toolern Vale leads: houses there return a gross rental yield of 2.47%, compared with 1.98% in Aberfeldie, a gap of 0.49 percentage points.
Rental vacancy is 1.5% in Aberfeldie and 3.3% in Toolern Vale, 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 818, roughly 4.8 times the size of Toolern Vale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Toolern Vale 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.
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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