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Blackheath vs Donald

Property investment comparison - Blackheath, VIC 3401 vs Donald, VIC 3480

Head-to-head across core investment metrics: Blackheath wins 2, Donald wins 0. 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.

MetricBlackheathDonald
Median house price$245K$310K
Median unit price--
Gross rental yield (houses)9.23%5.82%
Gross rental yield (units)-3.70%
1-year house growth-+8.9%
3-year house growth-+22.9%
Vacancy rate-1.5%
Population-1,472

Blackheath vs Donald: what the numbers say

The median house price is $245K in Blackheath and $310K in Donald, so Blackheath is the cheaper entry point, with Donald houses about 27% dearer.

On cash flow, Blackheath leads: houses there return a gross rental yield of 9.23%, compared with 5.82% in Donald, a gap of 3.41 percentage points.

In short: Blackheath for rental income, Blackheath for a lower purchase price. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Blackheath vs Donald: Property Investment Comparison (2026)