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Belgrave vs Darraweit Guim

Property investment comparison - Belgrave, VIC 3160 vs Darraweit Guim, VIC 3756

Head-to-head across core investment metrics: Belgrave wins 2, Darraweit Guim 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.

MetricBelgraveDarraweit Guim
Median house price$855K$855K
Median unit price-$425K
Gross rental yield (houses)4.01%3.17%
Gross rental yield (units)1.83%5.22%
1-year house growth+4.8%-
3-year house growth+3.3%-
Vacancy rate1.6%2.6%
Population3,894402

Belgrave vs Darraweit Guim: what the numbers say

Houses cost about the same in both suburbs: the median house price is $855K in Belgrave and $855K in Darraweit Guim.

On cash flow, Belgrave leads: houses there return a gross rental yield of 4.01%, compared with 3.17% in Darraweit Guim, a gap of 0.84 percentage points.

Rental vacancy is 1.6% in Belgrave and 2.6% in Darraweit Guim, so landlords in Belgrave face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Belgrave is the bigger suburb, with a population of 3,894 against 402, roughly 10 times the size of Darraweit Guim; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Belgrave for rental income, Belgrave for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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