Allans Flat vs McCrae
Property investment comparison - Allans Flat, VIC 3691 vs McCrae, VIC 3938
Head-to-head across core investment metrics: Allans Flat wins 3, McCrae 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 | Allans Flat | McCrae |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | $485K | $785K |
| Gross rental yield (houses) | 2.93% | 3.38% |
| Gross rental yield (units) | 3.90% | 4.30% |
| 1-year house growth | - | -7.5% |
| 3-year house growth | - | -9.4% |
| Vacancy rate | 2.3% | 4.4% |
| Population | 297 | 3,311 |
Allans Flat vs McCrae: what the numbers say
The median house price is $1.2M in Allans Flat and $1.2M in McCrae, so Allans Flat is the cheaper entry point, with McCrae houses about 1% dearer.
For units, Allans Flat sits at a median of $485K against $785K in McCrae, which makes Allans Flat the more affordable unit market and McCrae the pricier one.
On cash flow, McCrae leads: houses there return a gross rental yield of 3.38%, compared with 2.93% in Allans Flat, a gap of 0.45 percentage points.
Rental vacancy is 2.3% in Allans Flat and 4.4% in McCrae, so landlords in Allans Flat face less competition for tenants.
McCrae is the bigger suburb, with a population of 3,311 against 297, roughly 11 times the size of Allans Flat; a larger suburb usually means a deeper pool of buyers and tenants.
In short: McCrae for rental income, Allans Flat for a lower purchase price, Allans Flat 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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