Belgrave vs Cockatoo
Property investment comparison - Belgrave, VIC 3160 vs Cockatoo, VIC 3781
Head-to-head across core investment metrics: Belgrave wins 1, Cockatoo 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 | Belgrave | Cockatoo |
|---|---|---|
| Median house price | $855K | $850K |
| Median unit price | - | $415K |
| Gross rental yield (houses) | 4.01% | - |
| Gross rental yield (units) | 1.83% | 3.58% |
| 1-year house growth | +4.8% | +4.4% |
| 3-year house growth | +3.3% | +7.9% |
| Vacancy rate | 1.6% | 0.8% |
| Population | 3,894 | 4,408 |
Belgrave vs Cockatoo: what the numbers say
The median house price is $855K in Belgrave and $850K in Cockatoo, so Cockatoo is the cheaper entry point, with Belgrave houses about 1% dearer.
Over the past year house prices moved +4.8% in Belgrave and +4.4% in Cockatoo, so recent momentum favours Belgrave, although both suburbs recorded growth.
Looking back three years, Belgrave houses are +3.3% and Cockatoo houses +7.9%, so Cockatoo has compounded faster than Belgrave over the longer window.
Rental vacancy is 0.8% in Cockatoo and 1.6% in Belgrave, so landlords in Cockatoo face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cockatoo is the bigger suburb, with a population of 4,408 against 3,894, larger than Belgrave; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cockatoo for a lower purchase price, Belgrave for recent price momentum, Cockatoo 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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