Albanvale vs Sawmill Settlement
Property investment comparison - Albanvale, VIC 3021 vs Sawmill Settlement, VIC 3723
Head-to-head across core investment metrics: Albanvale wins 3, Sawmill Settlement 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 | Sawmill Settlement |
|---|---|---|
| Median house price | $690K | - |
| Median unit price | - | $545K |
| Gross rental yield (houses) | 3.74% | - |
| Gross rental yield (units) | 5.00% | 7.70% |
| 1-year house growth | +10.4% | +1.8% |
| 3-year house growth | +13.4% | -5.9% |
| Vacancy rate | 0.6% | 1.8% |
| Population | 5,641 | 86 |
Albanvale vs Sawmill Settlement: what the numbers say
Over the past year house prices moved +10.4% in Albanvale and +1.8% in Sawmill Settlement, so recent momentum favours Albanvale, although both suburbs recorded growth.
Looking back three years, Albanvale houses are +13.4% and Sawmill Settlement houses -5.9%, so Albanvale has compounded faster than Sawmill Settlement over the longer window.
Rental vacancy is 0.6% in Albanvale and 1.8% in Sawmill Settlement, 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 86, roughly 66 times the size of Sawmill Settlement; 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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Sawmill Settlement, VIC 3723
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