Allendale vs Canadian
Property investment comparison - Allendale, VIC 3364 vs Canadian, VIC 3350
Head-to-head across core investment metrics: Allendale wins 1, Canadian wins 3. 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 | Allendale | Canadian |
|---|---|---|
| Median house price | $600K | $600K |
| Median unit price | $450K | $445K |
| Gross rental yield (houses) | 4.16% | 3.77% |
| Gross rental yield (units) | 1.82% | 4.60% |
| 1-year house growth | - | +14.1% |
| 3-year house growth | - | +13.3% |
| Vacancy rate | 1.5% | 0.4% |
| Population | 185 | 4,098 |
Allendale vs Canadian: what the numbers say
Houses cost about the same in both suburbs: the median house price is $600K in Allendale and $600K in Canadian.
For units, Allendale sits at a median of $450K against $445K in Canadian, which makes Canadian the more affordable unit market and Allendale the pricier one.
On cash flow, Allendale leads: houses there return a gross rental yield of 4.16%, compared with 3.77% in Canadian, a gap of 0.39 percentage points.
Rental vacancy is 0.4% in Canadian and 1.5% in Allendale, so landlords in Canadian face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Canadian is the bigger suburb, with a population of 4,098 against 185, roughly 22 times the size of Allendale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Allendale for rental income, Canadian 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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