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Boorhaman vs Eureka

Property investment comparison - Boorhaman, VIC 3678 vs Eureka, VIC 3350

Head-to-head across core investment metrics: Boorhaman wins 1, Eureka 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.

MetricBoorhamanEureka
Median house price$500K$500K
Median unit price-$455K
Gross rental yield (houses)7.70%4.00%
Gross rental yield (units)-4.51%
1-year house growth-+15.3%estimate
3-year house growth--
Vacancy rate2.0%1.2%
Population135633

Boorhaman vs Eureka: what the numbers say

Houses cost about the same in both suburbs: the median house price is $500K in Boorhaman and $500K in Eureka.

On cash flow, Boorhaman leads: houses there return a gross rental yield of 7.70%, compared with 4.00% in Eureka, a gap of 3.70 percentage points.

Rental vacancy is 1.2% in Eureka and 2.0% in Boorhaman, so landlords in Eureka face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Eureka is the bigger suburb, with a population of 633 against 135, roughly 4.7 times the size of Boorhaman; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Boorhaman for rental income, Eureka 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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