Allambee vs Officer South
Property investment comparison - Allambee, VIC 3823 vs Officer South, VIC 3809
Head-to-head across core investment metrics: Allambee wins 3, Officer South wins 0. 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 | Allambee | Officer South |
|---|---|---|
| Median house price | $865K | $865K |
| Median unit price | $440K | $910K |
| Gross rental yield (houses) | - | 3.99% |
| Gross rental yield (units) | 5.07% | 2.79% |
| 1-year house growth | - | +0.6% |
| 3-year house growth | - | -2.0% |
| Vacancy rate | 0.5% | 4.2% |
| Population | 24 | 1,159 |
Allambee vs Officer South: what the numbers say
Houses cost about the same in both suburbs: the median house price is $865K in Allambee and $865K in Officer South.
For units, Allambee sits at a median of $440K against $910K in Officer South, which makes Allambee the more affordable unit market and Officer South the pricier one.
Rental vacancy is 0.5% in Allambee and 4.2% in Officer South, so landlords in Allambee face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Officer South is the bigger suburb, with a population of 1,159 against 24, roughly 48 times the size of Allambee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Allambee 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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