Allendale vs Flora Hill
Property investment comparison - Allendale, VIC 3364 vs Flora Hill, VIC 3550
Head-to-head across core investment metrics: Allendale wins 1, Flora Hill 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 | Allendale | Flora Hill |
|---|---|---|
| Median house price | $600K | $600K |
| Median unit price | $450K | $450K |
| Gross rental yield (houses) | 4.16% | 4.25% |
| Gross rental yield (units) | 1.82% | 5.04% |
| 1-year house growth | - | +10.5% |
| 3-year house growth | - | +15.4% |
| Vacancy rate | 1.5% | 1.6% |
| Population | 185 | 3,989 |
Allendale vs Flora Hill: what the numbers say
Houses cost about the same in both suburbs: the median house price is $600K in Allendale and $600K in Flora Hill.
On cash flow, Flora Hill leads: houses there return a gross rental yield of 4.25%, compared with 4.16% in Allendale, a gap of 0.09 percentage points.
Rental vacancy is 1.5% in Allendale and 1.6% in Flora Hill, so landlords in Allendale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Flora Hill is the bigger suburb, with a population of 3,989 against 185, roughly 22 times the size of Allendale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Flora Hill for rental income, Allendale 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison