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Albanvale vs Cohuna

Property investment comparison - Albanvale, VIC 3021 vs Cohuna, VIC 3568

Head-to-head across core investment metrics: Albanvale wins 2, Cohuna 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.

MetricAlbanvaleCohuna
Median house price$690K-
Median unit price-$215K
Gross rental yield (houses)3.74%-
Gross rental yield (units)5.00%5.03%
1-year house growth+10.4%+4.3%
3-year house growth+13.4%+16.9%
Vacancy rate0.6%2.8%
Population5,6412,415

Albanvale vs Cohuna: what the numbers say

Over the past year house prices moved +10.4% in Albanvale and +4.3% in Cohuna, so recent momentum favours Albanvale, although both suburbs recorded growth.

Looking back three years, Albanvale houses are +13.4% and Cohuna houses +16.9%, so Cohuna has compounded faster than Albanvale over the longer window.

Rental vacancy is 0.6% in Albanvale and 2.8% in Cohuna, 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 2,415, roughly 2.3 times the size of Cohuna; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Albanvale for recent price momentum, Albanvale 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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