Albanvale vs Clear Lake
Property investment comparison - Albanvale, VIC 3021 vs Clear Lake, VIC 3409
Head-to-head across core investment metrics: Albanvale wins 1, Clear Lake wins 1. 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 | Albanvale | Clear Lake |
|---|---|---|
| Median house price | $690K | - |
| Median unit price | - | - |
| Gross rental yield (houses) | 3.74% | 4.66% |
| Gross rental yield (units) | 5.00% | - |
| 1-year house growth | +10.4% | - |
| 3-year house growth | +13.4% | - |
| Vacancy rate | 0.6% | 1.7% |
| Population | 5,641 | 57 |
Albanvale vs Clear Lake: what the numbers say
On cash flow, Clear Lake leads: houses there return a gross rental yield of 4.66%, compared with 3.74% in Albanvale, a gap of 0.92 percentage points.
Rental vacancy is 0.6% in Albanvale and 1.7% in Clear Lake, so landlords in Albanvale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Albanvale is the bigger suburb, with a population of 5,641 against 57, roughly 99 times the size of Clear Lake; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Clear Lake for rental income, Albanvale 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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