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Allendale vs Delacombe

Property investment comparison - Allendale, VIC 3364 vs Delacombe, VIC 3356

Head-to-head across core investment metrics: Allendale wins 1, Delacombe 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.

MetricAllendaleDelacombe
Median house price$600K$600K
Median unit price$450K-
Gross rental yield (houses)4.16%3.84%
Gross rental yield (units)1.82%-
1-year house growth-+13.8%
3-year house growth-+12.9%
Vacancy rate1.5%0.6%
Population1855,408

Allendale vs Delacombe: what the numbers say

Houses cost about the same in both suburbs: the median house price is $600K in Allendale and $600K in Delacombe.

On cash flow, Allendale leads: houses there return a gross rental yield of 4.16%, compared with 3.84% in Delacombe, a gap of 0.32 percentage points.

Rental vacancy is 0.6% in Delacombe and 1.5% in Allendale, so landlords in Delacombe face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Delacombe is the bigger suburb, with a population of 5,408 against 185, roughly 29 times the size of Allendale; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Allendale for rental income, Delacombe 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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Allendale vs Delacombe: Suburb Comparison 2026