Avenel vs Graytown
Property investment comparison - Avenel, VIC 3664 vs Graytown, VIC 3608
Head-to-head across core investment metrics: Avenel wins 2, Graytown 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.
| Metric | Avenel | Graytown |
|---|---|---|
| Median house price | $635K | $640K |
| Median unit price | - | $345K |
| Gross rental yield (houses) | 3.81% | 4.38% |
| Gross rental yield (units) | 5.01% | - |
| 1-year house growth | +5.5%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.0% | 1.3% |
| Population | 1,112 | 60 |
Avenel vs Graytown: what the numbers say
The median house price is $635K in Avenel and $640K in Graytown, so Avenel is the cheaper entry point, with Graytown houses about 1% dearer.
On cash flow, Graytown leads: houses there return a gross rental yield of 4.38%, compared with 3.81% in Avenel, a gap of 0.57 percentage points.
Rental vacancy is 1.0% in Avenel and 1.3% in Graytown, so landlords in Avenel face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Avenel is the bigger suburb, with a population of 1,112 against 60, roughly 19 times the size of Graytown; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Graytown for rental income, Avenel for a lower purchase price, Avenel 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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