Balnarring vs Oakleigh
Property investment comparison - Balnarring, VIC 3926 vs Oakleigh, VIC 3166
Head-to-head across core investment metrics: Balnarring wins 0, Oakleigh 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 | Balnarring | Oakleigh |
|---|---|---|
| Median house price | $1.4M | $1.4M |
| Median unit price | - | $585K |
| Gross rental yield (houses) | 2.96% | - |
| Gross rental yield (units) | 3.32% | 5.65% |
| 1-year house growth | -3.6%estimate | -0.9%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.7% | 1.4% |
| Population | 2,371 | 8,442 |
Balnarring vs Oakleigh: what the numbers say
The median house price is $1.4M in Balnarring and $1.4M in Oakleigh, so Oakleigh is the cheaper entry point, with Balnarring houses about 1% dearer.
Over the past year house prices moved -3.6% in Balnarring (an estimate) and -0.9% in Oakleigh (an estimate), so recent momentum favours Oakleigh, while Balnarring went backwards.
Rental vacancy is 1.4% in Oakleigh and 1.7% in Balnarring, so landlords in Oakleigh face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Oakleigh is the bigger suburb, with a population of 8,442 against 2,371, roughly 3.6 times the size of Balnarring; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Oakleigh for a lower purchase price, Oakleigh for recent price momentum, Oakleigh 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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