Allendale vs Leongatha
Property investment comparison - Allendale, VIC 3364 vs Leongatha, VIC 3953
Head-to-head across core investment metrics: Allendale wins 0, Leongatha wins 4. 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 | Leongatha |
|---|---|---|
| Median house price | $600K | $600K |
| Median unit price | $450K | $425K |
| Gross rental yield (houses) | 4.16% | 4.41% |
| Gross rental yield (units) | 1.82% | 5.23% |
| 1-year house growth | - | +4.5% |
| 3-year house growth | - | -1.3% |
| Vacancy rate | 1.5% | 0.5% |
| Population | 185 | 5,869 |
Allendale vs Leongatha: what the numbers say
Houses cost about the same in both suburbs: the median house price is $600K in Allendale and $600K in Leongatha.
For units, Allendale sits at a median of $450K against $425K in Leongatha, which makes Leongatha the more affordable unit market and Allendale the pricier one.
On cash flow, Leongatha leads: houses there return a gross rental yield of 4.41%, compared with 4.16% in Allendale, a gap of 0.25 percentage points.
Rental vacancy is 0.5% in Leongatha and 1.5% in Allendale, so landlords in Leongatha face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Leongatha is the bigger suburb, with a population of 5,869 against 185, roughly 32 times the size of Allendale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Leongatha for rental income, Leongatha 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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